Palladium Surges: Shortages, China, and Your Car's Catalytic Future
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This is your Daily Palladium Price Tracker with Vanessa Clark podcast.
Hey everyone, welcome back to Daily Palladium Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the hottest updates on palladium, that shiny metal powering catalytic converters in cars and so much more. Grab your coffee, and lets chat about whats driving prices like your best friend sharing the scoop.
First up, the current trading price. As of this morning, palladium is sitting at around 1729 dollars per ounce according to Fortune, with Trading Economics reporting it hit 1747 dollars per troy ounce, up a whopping 3.9 percent from yesterday. Thats huge! Over the past month, its climbed 23.77 percent, and year-over-year, were looking at a massive 96 percent jump. Palladium futures even touched toward 1720 dollars, the highest since early 2023.
Why the surge? Tight supply is a biggie. Russias top producer Nornickel predicts a 200 thousand ounce deficit this year, thanks to production hiccups in key spots like Russia and South Africa, which supply most of the worlds palladium. Demand is roaring too, especially with the European Commission easing their 2035 engine ban plans, letting more gas and hybrid cars stick around longer and needing those catalytic converters. Plus, Chinas new Guangzhou Futures Exchange launched palladium trading late November, pulling in investors and hedging bets like crazy.
Practical tip for you: If youre thinking investments, consider palladium ETFs for easy exposure without storing bars. Keep it to 15 percent of your portfolio max, paired with gold for balance. Watch supply news and auto trends they move the needle fast.
Thats your daily palladium pulse, friends. Thanks for tuning in, hit subscribe so you never miss a price swing, and catch you next time for more tracker talk!
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This content was created in partnership and with the help of Artificial Intelligence AI
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