Think Stocks Are Hot? This Car Metal Keeps Hitting New Records

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Why a rare metal used in catalytic converters continues hitting fresh records

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.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

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.

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 /  🏆 98. in KR

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