BloombergPalladium on Friday surged the most intraday since 2008 as scant supply and robust demand extended a record-breaking rally. Spot palladium jumped as much as 9.7 percent to an all-time high of US$2,539.14 per ounce. Still, a “price setback is possible for palladium following its impressive rally this year,” they added. Palladium’s surge has been a boon for platinum group miners in South Africa, which accounts for about 38 percent of global palladium supply. The FTSE/JSE Africa Platinum Mining Index is at the highest since 2011 and the shares of top producer Sibanye Gold Ltd have risen nearly fourfold in the past 12 months.

Source: Taipei Times January 18, 2020 15:56 UTC