Sentences with phrase «palladium prices»
"Palladium prices" refers to the value or cost at which palladium metal is bought and sold in the market. Palladium is a rare and precious metal that is used in various industries, particularly the automotive industry for catalytic converters. So, the phrase signifies the current or prevailing cost of palladium. Full definition
That there is expected to be too little palladium to meet demand this year and next may already be reflected in palladium prices.
businessinsider.com
As with all commodities, palladium prices depend on supply and demand - if there is more supply than demand, prices will fall.
When rhodium prices rocketed in 1990 makers used more palladium, but when palladium prices began to rise, reaching record levels in 2001, this had to be reversed — a new catalyst developed by Degussa of Germany reportedly allowed General Motors to reduce palladium usage by 40 % to 60 %.
As a result, platinum prices have inched up 8.25 percent this year to just under $ 1,500 an ounce, while palladium prices have surged 19.28 percent to over $ 850 an ounce, a three - year high.
«Last year's uptrend has reversed and palladium prices are down more than 20 percent from their January high,» Julius Baer said in a note.
But, if the palladium - to - gold ratio keeps hovering around its average levels, palladium prices would probably follow gold higher.
This means that palladium prices, like just about every other commodity, depend on what's happening in China.
The palladium price per ounce plotted in these charts is the spot price.