{"id":228784,"date":"2021-04-16T21:42:00","date_gmt":"2021-04-16T18:42:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/palladium-prices-hit-a-record-as-rally-extends-into-a-6th-straight-year\/"},"modified":"2021-04-16T21:42:00","modified_gmt":"2021-04-16T18:42:00","slug":"palladium-prices-hit-a-record-as-rally-extends-into-a-6th-straight-year","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/palladium-prices-hit-a-record-as-rally-extends-into-a-6th-straight-year\/","title":{"rendered":"#\n  Palladium prices hit a record as rally extends into a 6th straight year"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35ff596f706\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35ff596f706\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/palladium-prices-hit-a-record-as-rally-extends-into-a-6th-straight-year\/#Myra_P_Saefong\" >Myra P. Saefong<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Palladium prices hit a record as rally extends into a 6th straight year<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div class=\"cx--next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000235737\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Palladium futures climbed Friday to settle at a record, and some analysts say prices show no signs of a slowdown even with the rally for the metal moving into its sixth year in a row.<\/p>\n<p> \u201cMany people thought palladium at $1,000 was a bubble. Wow was that wrong,\u201d said R. Michael Jones, chief executive officer at Platinum Group Metals Ltd. PLG. \u201cAs the world economy emerges from a COVID economic lock down, personal transport will almost certainly be very popular.\u201d<\/p>\n<div class=\"paywall\">\n       Given that, \u201cpalladium looks very good here in the short and medium term,\u201d he told MarketWatch.\u201dLong term new <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications for palladium and the other platinum group metals look interesting\u201d in terms of the energy transition from hydrogen to batteries, he added.<\/p>\n<p>On Friday, the most-active June palladium contract<br \/>\n        PAM21,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/217647915\/delayed\" class=\"positive\">+1.52%<\/bg-quote><\/p>\n<p>        PA00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210237962\/delayed\" class=\"positive\">+1.52%<\/bg-quote><br \/>\n       rose $35.30, or 1.3%, to settle at record high of $2,774.70 an ounce on Friday, according to Dow Jones Market Data.<\/p>\n<p>\u201cAs the global economy emerges from the effects of the lockdowns, demand for consumer and industrial goods is on the rise,\u201d said Chris Blasi, president and chairman at Neptune Global. \u201cIncreased automobile production directly drives increased demand for palladium, which is drawing on a strategic metal whose annual industrial demand has outs<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a>ped mine output for several years.\u201d Palladium is mainly used in catalytic converters in gasoline-powered vehicles to help control emissions.<\/p>\n<p>\u201cAdditionally, heightened geopolitical tensions with the world\u2019s largest supplier of palladium, Russia, is a factor that cannot be ignored or minimized,\u201d Blasi told MarketWatch. There\u2019s also an \u201cacute shortage\u201d of the metal, which appears \u201centrenched for the foreseeable future,\u201d he said.<\/p>\n<p>When asked how high palladium prices may reach this year, Blasi said the chance for prices to touch $3,000 \u201cremains very real.\u201d<\/p>\n<p>Palladium prices have already climbed by around 13% year to date, after posting gains for the past five years in a row, FactSet data show.<\/p>\n<p>Peter Thomas, senior vice president at Zaner Precious Metals, also offered an upbeat outlook for palladium amid expectations for growth in photovoltaic sector and electric vehicle market. Palladium is used in electronics and solar energy applications. Photovoltaics are used to generate electric power through solar cells.<\/p>\n<p>All electric cars use metals that transfer electricity, and platinum<br \/>\n        PLN21,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/218196645\/delayed\" class=\"positive\">+0.63%<\/bg-quote><span>,<\/span><br \/>\n       palladium, rhodium and silver<br \/>\n        SIK21,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/213039318\/delayed\" class=\"positive\">+0.45%<\/bg-quote><br \/>\n       have low electricity resistance values \u2014 and they\u2019re great for semiconductor chips, said Thomas.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p><strong>Read:<\/strong> Why rhodium has stretched a rally that saw prices for the metal nearly triple last year<\/p>\n<p>Based on his recent discussions with some platinum and platinum producers, he believes palladium prices may be facing a climb to $3,500 in the next year.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Myra P. Saefong\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Myra_P_Saefong\"><\/span>Myra P. Saefong<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D398D9E885D5%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Palladium prices hit a record as rally extends into a 6th straight year &#8221; Palladium futures climbed Friday to settle at a record, and some analysts say prices show no signs of a slowdown even with the rally for the metal moving into its sixth year in a row. \u201cMany people thought palladium at&#8230;<\/p>\n","protected":false},"author":1,"featured_media":150118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-228784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/228784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=228784"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/228784\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/150118"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=228784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=228784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=228784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}