Automaker General Motors’ decision to end the palladium and rhodium supply agreement with US platinum-group metals producer Stillwater Mining is set to hit PGMs prices in the international market. For full story, click here
June palladium PAM9 up $2.35, or 1 percent, at $228.20 an ounce, taking direction from the platinum market. For full story, click here
The platinum and palladium markets have found their own stimulus plan in the form of the potential launch of the first U.S. exchange-traded funds physically backed by the precious metals. For full story, click here
Palladium was the only precious to be on the positive track on Monday, as the equity rally deteriorated the flight to safe haven investments. Palladium’s near term outlook remains bleak, as reports from Europe said that car registrations dropped 18 percent in February.
Palladium remain unchanged at $198 an ounce in trade market today. For full story, click here
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