Palladium Smashes $1,500 as Shortages Ignite Record-Breaking Rally
- Rules for stricter car emissions have tightened global market
- Johnson Matthey expects the deficit to widen ‘dramatically’
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Palladium surged above $1,500 an ounce to a record, extending a powerful rally that’s been driven by an acute shortage of supply as car manufacturers scramble to get hold of the material to meet stringent emissions controls.