Economics
This Year's Best Commodity Is One of the Smallest Metals Markets
- Palladium is up 30 percent in 2017, reaching a 16-year high
- Gains are accelerating as demand picks up amid a shortage
Palladium wedding bands are displayed for a photograph in a a store in New York.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
In the main commodity markets, nothing is doing better than palladium this year.
The metal is up 30 percent, beating 33 other raw materials, including lean hogs and aluminum, tracked by Bloomberg. On Friday, prices surged as much as 7.9 percent to a 16-year high of $928.36 an ounce as some traders were said to scramble to get hold of physical supplies.