Palladium Price Hits Record High Price in GBP £ Sterling

[LawrenceChard]

Earlier today, we noticed that the spot price of palladium had hit a new record high price in UK pounds, at almost £2240.

It's previous peak was in January 2020.

https://www.chards.co.uk/palladium-price/ounce/gbp/10-year

Just don't ask me why, because it's not a commodity I keep a close eye on.

Two years ago, our stock of palladium coins and bars was also at a record high.

😎

[Bumble]

Russia is the largest producer and exporter of palladium. Sanctions will mean buyers will need to buy from South Africa, which is the second largest, or from smaller producers in other countries. The main use of palladium is for catalytic converters for petrol (gasoline) vehicles, so demand is still high, though it will decline over the next few years as battery vehicles become more common.

[LawrenceChard]

2 minutes ago, Bumble said:

Russia is the largest producer and exporter of palladium. Sanctions will mean buyers will need to buy from South Africa, which is the second largest, or from smaller producers in other countries. The main use of palladium is for catalytic converters for petrol (gasoline) vehicles, so demand is still high, though it will decline over the next few years as battery vehicles become more common.

Thanks, that's great information.

I should have known some of that, but you just saved me 🙂some reading, and for others also.