A severe shortage of palladium has led to a sharp rise in prices, ETF outflows and investors closing their positions at a profit

SMM1, March 11 / PRNewswire-FirstCall-Asianet / Palladium, the metal used to clean gasoline engine emissions, is in short supply this year and its price has soared to a near 2001 record. It also led to a decline in physical holdings of (ETF), a palladium exchange-traded fund.

Robin Bhar, a metals analyst at Societe Generale (Societe Generale SA) in London, said the outflow of palladium ETF could fill the supply gap to meet the needs of industrial consumers. At the same time, investors are also engaged in profitable closing operations.

Translated by SMM Xu Huimei from Bloomberg