Palladium seems unstoppable with a price surge of 44 percent this year. The metal used in car pollution-control devices has narrowed the gap with platinum, used to reduce vehicle smog, to the smallest since 2001. The latest catalyst came in the wake of Hurricane Harvey’s devastating floods. Anticipation of big sales in the pipeline to replace ruined vehicles in Texas spurred buying.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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