[miningmx.com] – PALLADIUM climbed to a 13 year high on expectations that demand for the platinum group metal will increase among automakers who use it in the manufacture of exhaust parts.
“People are getting more and more interested in palladium because the demand is very strong,’ Chris Gaffney, the senior market strategist at EverBank Wealth Management told Bloomberg News. “The fundamentals are very positive.’
This year, palladium prices have climbed 20%, outpacing gold, silver and platinum, said Bloomberg news. The metal was last quoted at $859/oz.
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