Palladium Prices Gaining on Platinum

Mining Weekly reported palladium prices are continuing to close in on platinum on supply constraints and lower shipments from Russia and South Africa.

As quoted in the market news:

Over the past 12 months, platinum has traded between $1 367/oz and $1 901/oz and palladium traded at between $563/oz and $855/oz.

Both metals are used to cut emissions from vehicles, with palladium traditionally used more in petrol cars and platinum in diesel engines, though the metals are increasingly interchangeable.

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