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In a recent article, we spoke about the potential substitution of palladium for platinum in catalytic converters due to the rising price of the former. Well, even we have been taken aback by recent market price fluctuations…   In just a few short weeks since the start of 2020, palladium’s price has rocketed by more than 22%, making it 80% more expensive year on year. Indeed, since the start of 2016, the price has risen from $450/oz to more than $2,300/oz - an increase of well over 400 ...

    For the second time this year, Palladium recently broke through the $1,600/oz mark, following the price hitting a record high of almost $1,615 earlier this year – almost double the low of $834/oz in August last year, exceeding our predictions. This proved, once again, to be a short term breakthrough, although many now believe that palladium will consolidate its price above $1,600/oz before too long. Metals Focus, one of the leading precious metals consultancies, ...

    Since the break-up of the Volkswagen case, the demand for palladium, a metal used in the manufacture of catalytic converters for gasoline-powered cars, is strong. Used by the automotive industry to manufacture catalytic converters for gasoline engines, the metal is close to its highest historic level. In the metal markets, which have been battered by the escalating Sino-US trade dispute, palladium is on its own.   Since mid-August, the price of the silver-gr ...

Autocatalyst producers are predicting that, in 2018, the demand for platinum and palladium in the automobile industry will move in opposite directions.   Palladium demand incessantly growing Palladium is a major component in catalytic converters, which are used to clean up exhaust fumes. A report from Johnson Matthew Plc. recently showed that palladium consumption in the catalytic converters is likely to reach a peak in 2018. This is due to the increasing demand for gasoline v ...