Palladium Rise to Two-Month High on China Auto-Emissions Push
- China accelerates construction of electric car charging sites
- Plan seen driving demand for palladium in new cars: Thomas
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China’s clean-air drive is giving palladium a boost.
The metal, used in pollution-control devices for cars, climbed to the highest in more than two months after China said it will accelerate construction of electric-car charging facilities. Premier Li Keqiang announced the plan after almost a dozen Chinese cities made emissions pledges at a two-day climate change summit in Los Angels last week. The auto industry accounts for about three-quarters of demand for palladium, according to Morgan Stanley.