(Bloomberg) — Palladium rose above $2,000 an ounce for the first time, extending a powerful annual advance driven by a sustained global deficit.Palladium has gained 57% this year, with market watchers saying the shortfall will be hard to fill. That’s great news for producers of the metal, used mainly in autocatalysts, which have seen their shares surge.No. 1 miner MMC Norilsk Nickel PJSC has gained 51% in 2019. The effect has been even more dramatic for South African platinum producers, which dig up palladium alongside their primary metal. The FTSE/JSE Africa Platinum Mining Index has tripled this year, the biggest-ever …read more
Source:: Yahoo Finance
