- Palladium has been trading at a premium to platinum for the majority of the past year, contrary to the two platinum-group metals’ (PGM) historical relationship.
- In fact, palladium recently breached the $1,000 per ounce mark for the first time in eight months, and earlier this week hit a record high of $1,150.50 an ounce.
For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets.
From price movements to policy decisions, we scour the landscape for what matters. This week:
Palladium Peaks
While other metals have had their ups and down, palladium has been soaring this year.
Palladium has been trading at a premium to platinum for the majority of the past year, contrary to the two platinum-group metals’ (PGM) historical relationship. In fact, palladium recently breached the $1,000 per ounce mark for the first time in eight months, and earlier this week hit a record high of $1,150.50 an ounce.
Palladium is most commonly known for its use in automotive catalytic converters.
The price has surged so much that some analysts have cautioned about a possible correction for the surging PGM.
The DOC calculated countervailing duties as high as 145.37%.
In 2017, the value of imports of the steel propane cylinders reached $89.8 million.
Source: https://spendmatters.com/2018/10/26/commodities-roundup-aluminum-output-up-palladiums-dominance-and-indian-gold-demand/
Tags: #mining, #smallcapstocks, $TSXV, CSE, palladium, PGM, Platinum