MetalMiner reported that on Tuesday, Chinese palladium bar prices fell 3.1 percent, while US palladium bar prices sunk 2.3 percent.
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Reuters reported that Japan Oil, Gas and Metals National Corp (JOGMEC) confirmed the presence of 188 tons of palladium in South Africa’s Waterberg region.
Reuters reported that precious palladium reached its highest in 17 months because of a robust forecast for demand and possible supply deficit.
Bloomberg reported that while many precious metals have seen gains in recent weeks, palladium futures continue to decline.
MetalMiner reported palladium bar prices inched up slightly in Japan and China as the metal declined in the US.
Metal Miner reported palladium bar prices were mixed globally for the week.
Metal Miner reported Chinese palladium bar rose 5.7 percent as the metal price went up globally.
Metal Miner reported palladium bar prices increased globally, with a high of 1.2 percent in China.
Metal Miner reported palladium bar prices rose an average of 0.6 percent in China, Japan and the United States.
Metal Miner reported the week’s biggest mover on the weekly Global Precious Metals MMI® was the price of Japanese palladium bar, which saw a 4.8 percent decline to JPY 1,585 ($20.23) per gram.