Palladium, Rhodium Prices Set to Rally for Years on Shortages, Impala CEO Says - Bloomberg

2022-04-21 06:04:18 By : Ms. Lucky Zhang

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Prices of palladium and rhodium are poised to rally for years as a supply squeeze tightens for the metals that are key to curbing vehicle emissions, said the head of the world’s third-largest producer of platinum group metals

Prices of palladium and rhodium -- that are used in catalytic converters -- have risen more than 30% this year. The lack of “major investment in new supply” may help support the rally, said Nico Muller, the chief executive officer at Impala Platinum Holdings Ltd.