Palladium Prices Highest Since 2011 on Tensions in Ukraine

Bloomberg reported today that palladium prices rose to their highest level since 2011 in New York.

Prices for the metal have increased by 13 percent this year on concerns over the possibility of disrupted supplies from Russia as well as tension due to ongoing miners’ strikes in South Africa.

As quoted in the publication:

Palladium for June delivery rose 0.4 percent to $810.10 an ounce by 7:45 a.m. on the New York Mercantile Exchange. It reached $815, the highest since August 2011. Futures trading volume was almost double the average for the past 100 days for this time of day, data compiled by Bloomberg showed. Palladium for immediate delivery gained 0.7 percent to $810.70 in London, according to Bloomberg generic pricing.

Click here to read the full Bloomberg article.