Post by cjm on Dec 14, 2019 8:13:07 GMT
On Thursday, the rare white metal traded at a record $1,940.34 per ounce, in what extended palladium’s year-to-date gains to 54%.
The Thursday palladium index notable propelled it past gold’s record of $1,921.17 an ounce which was registered back in 2011.
The developments come after South African mines were shut down for 24 hours due electricity shortages; South Africa is ranked the world’s second-largest palladium producer, while Russia is currently touted as the leader in producing the metal.
The Thursday palladium index notable propelled it past gold’s record of $1,921.17 an ounce which was registered back in 2011.
The developments come after South African mines were shut down for 24 hours due electricity shortages; South Africa is ranked the world’s second-largest palladium producer, while Russia is currently touted as the leader in producing the metal.