Junkyard Palladium Strands Bulls Betting on Demand for Car Parts
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When gold and silver were languishing, precious-metals investors were betting palladium would soar as record car sales boosted demand for catalytic converters.
Turns out, there’s more of the metal around with recycled palladium from junked vehicles and rising mine output. For a third straight year, the amount of scrap will the highest ever, accounting for 30 percent of supply, Barclays Plc predicts.