The price of gold may set new perennial highs almost daily, but its performance this year is still in double digits.
In contrast, at a price of $ 1,532 an ounce of palladium, it is working out new historical highs and is trading at 32% or $ 373 per ounce in the best year.
More than three-quarters of palladium falls into catalytic converters for gasoline engines, and the rise in precious metal prices occurs despite a serious slowdown in car sales worldwide.
China's largest consumer has seen sales decline for 10 consecutive months, and in May the number of cars and trucks dropped by 16% compared with last year. Annual sales in the second largest world market in the United States are also expected to be below the total level of 2018.
What raised palladium is the high average load on the vehicle, since China and Europe have stricter emission standards combined with the constant threat of strikes in South Africa, which together with Russia accounts for more than 80% of world production.
