Palladium Just Smashed Another Record
- Best metal of 2018 now commands $500 an ounce more than rival
- Substitution in autocatalysts still seen as unlikely: Norilsk
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Palladium’s premium to platinum jumped to a record, building on its ranking as the best-performing metal of 2018.
Shortages of the metal used in autocatalysts for gasoline-fueled vehicles sent its price to yet another all-time high, widening the price difference with rival platinum to more than $500 an ounce on Tuesday. Most analysts don’t see supply relief for palladium anytime soon.