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IPMI and Industry News: Industry News

Palladium Tops $1,400

Thursday, January 17, 2019  
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Palladium Tops $1,400 First Time Ever on ‘Avaricious’ Demand

 Palladium – described as a tight market for some time now due to robust automotive demand – topped $1,400 an ounce for the first time ever on Thursday. A desk trader in the physical market said that at one point, palladium suddenly rocketed ahead by around $80 in three hours. Another dealer said prices then eased on profit-taking, but he looks for another test of $1,400. - Kitco 01/17/2019

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