The mystery metal that could outshine platinum

If asked to think of a metal to invest in, few investors would consider palladium, a little known sister metal to platinum. But with prices reaching all time highs, we suggest the best ways to play palladium.

If someone asked you to think of a metal to invest in, you'd probably name gold first. Perhaps you'd also plump for silver or platinum. Few investors would even consider palladium, a little-known sister metal to platinum.

But palladium, like platinum, is around 15 times rarer than gold. And like platinum, it can be used in catalytic converters to reduce emissions from petrol engines. In fact, many analysts have been expecting car-makers to substitute palladium for platinum since 2002, when the price of platinum began to shoot higher. Yet the automobile industry chose not to substitute at a platinum/palladium price ratio of 2:1. They passed again when the ratio hit 3:1.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.