Automotive Index: Palladium Plummets 6.9%

MetalMiner reported on trading for metals used in automobiles, including palladium which fell 6.9% for the week.

As quoted in the market news:

The week’s biggest mover on the weekly Automotive MMI® was US palladium bar, which saw a 6.9 percent decline to $571.00 per ounce. For the third week in a row, the price of US platinum bar dropped, falling 4.1 percent to $1,392 per ounce.

The price of US HDG fell 2.2 percent over the past week as well. This was the third week in a row of declining prices despite a still-growing aluminum sector when compared to last year.

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