Palladium touches an all-time record high above $3,000 an ounce


Palladium futures touched their highest levels on record Tuesday, as strength in U.S. vehicles sales and global economic recovery from COVID-19 bode well for the metal used in catalytic converters, which reduce emissions from gasoline-powered engines.

“As the thought of the world coming back gets stronger and stronger and personal transport likely to be popular in a post COVID world, palladium — needed in almost every car — rings the all-time price bell,” said R. Michael Jones, chief executive officer of Platinum Group Metals Ltd.
PLG,
-0.81%
.

Demand for the metal has been “steadily increasing per car based on tighter emissions standards all around the world,” he told…



Click here to view the original article.

S&P/ASX 200 
7,055.50  41.30  0.59%  
ALL ORDINARIES 
7,287.30  47.90  0.66%  
Dow Jones Industrial Average 
34,382.13  360.73  1.06%  
S&P 500 
4,173.85  61.35  1.49%  
NASDAQ Composite 
13,429.98  304.98  2.32%  
NYSE COMPOSITE (DJ) 
16,415.36  233.76  1.44%  
FTSE 100 
7,043.61  80.28  1.15%  
DAX PERFORMANCE-INDEX 
15,416.64  216.94  1.43%  
Nikkei 225 
28,010.09  74.38  0.26%  
HANG SENG INDEX 
28,027.57  0.0000  0.00%