Palladium surges to record as supply deficit deepens
Prices have climbed more than 17% in 2021
21 April 2021 - 23:51
New York — Spot palladium surged to a record high on Wednesday on bets that rebounding economies will fuel carmaker demand, deepening supply shortfalls of the precious metal.
Palladium, used in catalytic converters to curb emissions in petrol-powered vehicles, rose as much as 4.8% to $2,895.96/oz, surpassing the previous record set in February 2020. Prices have climbed more than 17% in 2021, building on five straight annual gains...
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