Palladium: price accelerates downward on surplus prospects for next year

Palladium prices fell to five-year lows below $1,000 an ounce this week (currently trading at $964 an ounce at 3pm Italian time), accelerating a retreat triggered by expectations of surpluses due to the rapid spread of electric vehicles and automakers choosing cheaper platinum for their autocatalysts. Prices of the metal, which is used by carmakers […]