Can Palladium Make a Comeback?

Can Palladium Make a Comeback? - at www.moneyweek.com - the best of the international financial media

Most raw materials have jumped in price over the past few years, but palladium has fallen sharply and is now languishing at below $200 an ounce, says Emanuel Balarie of Wisdom Financial on Gold-eagle.com. So is the metal, used in industries ranging from electrical components to surgical instruments, worth a look?

The primary industrial application for palladium is in the automobile sector, where, like platinum, it is used in catalytic converters. With platinum vastly more expensive at more than $900 an ounce, car makers should switch back to palladium to produce catalytic converters.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.