Top News19 Feb 2020 09:16
Source-Bloomberg.
PALLADIUM SETS RECORD AS WIDER DEFICIT FUELS SURGE.
The metal used in catalytic converters is already up 40% in 2020 on expectations stricter environmental standards will spur higher loadings of the material in cars, draining global supply that's already struggling to meet demand.'
A deficit equivalent to about 20% of the palladium market is expected to be sustained this year, helping explain the surge in prices' said Vivek Dhar, an analyst at Commonwealth Bank of Australia.