Palladiums megarally is thrown into reverse by electric vehicles.
Palladium, once the cheapest major precious metal, soared from less than $500 per ounce in 2016 to more than $3,400 in March, eclipsing platinum and g
Palladium, once the cheapest major precious metal, soared from less than $500 per ounce in 2016 to more than $3,400 in March, eclipsing platinum and gold. Meanwhile, supply from recycled cars is increasing as more palladiumcontaining vehicles reach the end of their useful life. Palladium prices have fallen to around $1,700 per ounce. According to Morgan Stanley analysts, demand from automakers will fall by around 400,000 ounces between 2022 and 2027, while supply from vehicle recycling will increase by 1.2 million ounces. In the coming years, supply is expected to increase significantly.
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B2B Tech News | 1 months ago