Palladium Price22 Feb 2020 15:43
Palladium at all-time high as car production resumes in China
[19/02/2020] 09:11:00
The price of palladium hit a new record high of $2,817.22 per ounce amid encouraging news that several carmakers in China resumed the production in their factories, following by disruption and stoppage in production and car deliveries, due to the COVID-19 outbreak.
Meanwhile, large vehicle-makers such as General Motors, Fiat Chrysler and Toyota expect their virus-affected production in China to restart soon while German car manufacturer Audi AG already reopened its plants in the country on Monday.
Palladium soared 8.34% to $2,815.47 at 4:05 am ET on Wednesday.