Forex
Palladium Prices Soar on Supply Risks and Dollar Weakness
Palladium futures strengthened on supply risks and a weaker US dollar. Prices rose to around $1,360 per ounce as concerns over supply persisted in South Africa and Russia.
The two countries together account for most of global mined output, with operational hurdles, elevated costs, and power-grid instability raising refined output concerns in South Africa.
Logistical frictions around Russian metal also limited spot liquidity. Resilient hybrid-vehicle production supported demand, requiring higher palladium loadings in autocatalysts.