Archive for January, 2009

Palladium prices decline

Palladium — used to make catalytic converters — declined as car sales continue to weaken sharply due to the economic slowdown. For full story, click here

Falls expected in palladium

Norilsk Nickel  says nickel, platinum and palladium output to fall this year from previously planned levels. Plans to cut copper output next year only, while further falls expected in platinum and palladium. For full story, click here

Palladium chosen as safety against inflation

On January 5 palladium tumbled nearly 6 percent as the strong dollar knocked down all the precious metals. The metal hit a daily low of $178.50 an ounce, but was quoted at $180.00. On January 12 the metal picked up some steam, and rebounded to $191 per ounce.