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The Wall Street Journal reported that palladium rose to a nine-day high today as a result of concerns about supply out of South Africa.
The Wall Street Journal reported that palladium rose to a nine-day high today as a result of concerns about supply out of South Africa.
As quoted in the market news:
South Africa accounts for about three quarters of global platinum output and about a third of the world’s palladium supply. Platinum and palladium are often found together in one ore body.
Palladium for September delivery was recently up $6.55, or 0.9%, at $763 a troy ounce. The contract touched an intraday high of $764.50 an ounce, its highest traded price since May 28.
Click here to read the full report from The Wall Street Journal.