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.
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