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Palladium Prices Skyrocket on Robust Demand from Booming US Car Sales
Oct 27, 2017 13:13Source:SMM
Palladium prices have gained about 42% so far this year on the back of strong demand from booming car sales in the US.
SHANGHAI, Oct. 27 (SMM) – Palladium prices have gained about 42% so far this year on the back of strong demand from booming car sales in the US.
Palladium supply is forecast to tighten further.
Palladium prices exceeded platinum prices for the first time since 2001 last month.
Societe Generale said in a report that roughly 75% of palladium demand is related to production of car emission catalyst.
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