A metal that is key to filtering car emissions is one of the best-performing investments this year, boosted by greater environmental scrutiny of auto makers and signs of a supply crunch.
The price of palladium, a critical component of the catalytic converters used in gasoline-powered cars, has surged 30% so far this year to a record $1,551.90 a troy ounce, extending a rally that started in August to a 67% gain. The price rose 0.8% Tuesday on the New York Mercantile Exchange, climbing for a seventh consecutive session.
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I wonder how many auto wreckage sites have been stripped of CCs in the past year? Easy money.
Nice chase, and there is no requirement for it in electric cars. Short term gain and then get out.