Palladium's slide accelerates on prospects for surplus next year

Story by By Brijesh Patel and Ashitha Shivaprasad

Story by By Brijesh Patel and Ashitha ShivaprasadPalladium prices have tumbled to five-year lows below $1,000 an ounce this week, hastening a retreat triggered by expectations of surpluses due to the rapid spread of electric vehicles and automakers choosing cheaper platinum for their autocatalysts.

Prices of the metal, used by automakers in engine exhausts to reduce emissions, have slumped 70% from all-time highs of $3,440.76 hit after Russia invaded Ukraine.

Read the full article at:  Palladium's slide accelerates on prospects for surplus next year (msn.com)