Palladium Posts Longest Rally in Three Years on Vehicle Sales
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Palladium futures rose, capping the longest rally since January 2007, on speculation that rising car sales will boost demand for the metal used in pollution-control devices in vehicles.
U.S. sales of light vehicles in November expanded at the fastest pace in more than two years. Global car and light-vehicle purchases will rise to a record in 2012, according to LMC Automotive Ltd., a research company in Oxford, England. Palladium prices rose for the eighth straight session, reaching a 10-week high. Last month, the metal dropped 5.9 percent.