Palladium barrels towards $2,000 as SA power cuts add to supply concerns
Citigroup sees the precious metal hitting $2,500/oz in 2020
16 December 2019 - 19:37
Singapore — Palladium’s blistering rally shows no sign yet of cooling off as records tumble: the precious metal advanced to the highest ever on Friday as it climbed for an unprecedented 16th day. Sister metal platinum fell.
Prices are now barrelling towards $2,000/oz as mining disruptions in SA, a major producer of the precious metal, add to supply concerns, tightening a market already hobbled by a persistent deficit...
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