Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
Palladium Continues to Draw Support From US Car Sales
Jun 1, 2015 10:40Bloomberg reported that palladium is drawing more attention from investors as US car sales continue to record stronger growth.
Thursday May 28, 2015, 10:27am PDT
Bloomberg reported that palladium is drawing more attention from investors as US car sales continue to record stronger growth. ETF holdings of the metal hit a three-month high this week, according to the news outlet.
As quoted in the publication:
"Metal in palladium-backed ETPs climbed to 92.4 metric tons, the highest since Feb. 19, according to data collated by Bloomberg as of Wednesday. Volumes traded on the Nymex in New York were more than double the 100-day average for the time of day on Thursday.
Palladium, mainly used in emissions control systems of gasoline-driven vehicles, is drawing support from recent U.S. data indicating stronger growth in the world’s largest economy. Usage of the metal by vehicle makers is expected to climb to a record this year after three years of supply shortages. U.S. automakers reported the best April sales in a decade earlier this month.
Click here to read the full article from Bloomberg.
Bloomberg reported that palladium is drawing more attention from investors as US car sales continue to record stronger growth.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
SMM Events & Webinars
All- Sep15
NET ZERO CHINA Field Trip
Sep 15 - 19,2025中国
- Sep26
2025 ASIA BATTERY MATERIAL COOPERATION SALON
Sep 26 - 26,2025Time：9.26 2025 Place：Seoul， South KoreaSeoul， South Korea
- Oct14
SMM LME Metals Seminar 2025
Oct 14 - 14,2025Emmanuel Centre，London , the United Kingdom
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
