The precious metal’s latest rise, following a 8.7% surge on Friday, comes after the invasion of Ukraine and the sanctions that followed saw prices soar to a record last month. Russia produces about 40% of freshly mined palladium, which is mostly used in catalytic converters for gasoline-powered vehicles.Krastsvetmet and Prioksky Plant of Non-Ferrous Metals from its goods delivery and sponge accreditation lists.
“Palladium supply was already under significant pressure as a result of strong vehicle sector demand and inventory concerns related to the Russia-Ukraine conflict,” said Gavin Wendt, senior resource analyst at MineLife Pty. “The latest suspension of Russian refiner output will further exacerbate market concerns and fuel even more price upside.”
In other precious metals trading, gold held an advance as investors sought a store of value amid the concerns over the economic fallout from the war in Europe and the inflation pressures from commodity-market disruptions. Still, rising 10-year Treasury yields are weighing on non-interest bearing bullion.that the U.S. will avoid a recession as the central bank tightens policy, though the inflation rate will probably remain at more than 2% into next year.
is south africa gona develop a car ?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Russia to Halt Bond Sales for This Year as Interest Costs SurgeRussia will halt bond auctions for the remainder of 2022 due to prohibitive borrowing costs, Finance Minister Anton Siluanov was quoted as saying by Russian newspaper Izvestia.
Source: dailymaverick - 🏆 3. / 84 Read more »
SA, US agree on the need for ceasefire dialogue between Russia and Ukraine - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.President Cyril Ramaphosa says that he and United States President Joe Biden have agreed on the need for a ceasefire and dialogue between Russia and Ukraine. Meanwhile the ANC is busy electing leaders with criminal cases pending 🙄 Cyril and Biden can’t outsmart President Putin. They are not decisive labo. Lies
Source: SABCNews - 🏆 37. / 51 Read more »
Business Maverick: Tesla China Exports Slump to Just 60 Cars on Strong Local DemandTesla Inc. exported just 60 cars produced at its Shanghai factory in March, a record low as strong domestic demand sucked up most of the output, according to China Passenger Car Association data released on Monday.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Russia to Halt Bond Sales for This Year as Interest Costs SurgeRussia will halt bond auctions for the remainder of 2022 due to prohibitive borrowing costs, Finance Minister Anton Siluanov was quoted as saying by Russian newspaper Izvestia.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: China’s Covid Outbreak Worsens as New Shanghai Cases Top 26,000China’s largest documented outbreak continues to spread despite an extended lockdown of Shanghai’s 25 million people, weighing on a fragile economy and straining global supply chains.
Source: dailymaverick - 🏆 3. / 84 Read more »