The price of palladium in the near future may exceed 1 thousand 400 dollars per ounce, experts say


Palladium during trading in New York on Thursday went up to 1 thousand 396 dollars 40 cents per troy ounce. Then the growth of its price slowed down to 1 thousand 382 dollars 60 cents per ounce. Palladium is constantly growing in price, updating last October's records. Experts expect that its price in the near future may reach another record, exceeding 1 thousand 400 dollars per ounce due to the rejection of cars with diesel engines of both manufacturers and car owners. Johnson Matthey, after analyzing the state of the platinum group metals market, believes that in 2019 the demand for palladium in industry by almost 1 million ounces could exceed supply.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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