Palladium price Drops Below Platinum For First Time In Five Years
Palladium fell by 39% in 2023 after rising prices from 2018 to 2022 caused the auto sector, which accounts for 80% of demand, to start replacing it with the cheaper platinum in autocatalysts. The rising adoption of electric vehicles, which do not require any off-gas treatment system, further worsened the metal’s prospects. “That means that […]