More mileage in palladium
Palladium reached a near-two-year high of almost $800 an ounce last week. And there may well be further to go.
Palladium prices jumped by a fifth in 2016, and they have made a solid start to 2017, reaching a near-two-year high of almost $800 an ounce last week. And there may well be further to go.
The metal is a key component in catalytic converters, and the car industry accounts for80% of demand, notes Ira Iosebashvili in Barron's. China and the US use palladium in catalytic converters; Europe favours platinum.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
On the supply side, South Africa, the world's top supplier, is not expected to increase mined output much. Analysts reckon that dwindling sales from Russia's stockpiles means they are probably nearly depleted. TD Securities thinks the market deficit could double this year.
-
The UK areas which saw biggest jump in asking prices in 2025 – is yours on the list?We look at the UK areas where asking prices rose the most last year.
-
‘Sandwich generation’ carers losing £6,000 a year to support elderly relativesMiddle-aged adults are often caught between caring for children or grandchildren and their elderly parents, leaving them taking time out of the workforce and facing a huge hit to wages while they are still trying to save for retirement. We look at the true cost of caring.
