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What’s Supporting Palladium?

Meera Shawn
What’s Supporting Palladium?

Palladium’s movement often diverges from that of other precious metals. Palladium rose 0.5% on Monday, despite other precious metals falling. Palladium often follows the industrial side of the market. About 80% of industrial palladium is used for catalytic converters in automobiles. With easing US-China tensions, the possibility of higher industrial demand in China has risen. The country’s car sales are improving, and China is a big market for General Motors (GM), Ford, and many other multinational brands. In 2017, China (FXI) sold ~27. ...