Business Palladium, the 'Tesla stock of commodities,' smashes record yet...

Palladium, the ‘Tesla stock of commodities,’ smashes record yet once again

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” Palladium has been amazing– it’s like the Tesla stock of products,” Edward Meir, an analyst at ED&F Guy Capital Markets, mentioned by phone.

Palladium futures for March shipment climbed up 7.5 percent to US$ 2,489

Palladium’s impressive efficiency has in fact been driven by expectations that more rigid Chinese eco-friendly requirements will stimulate higher loadings of the product in vehicles, draining pipes international supply that’s currently having a hard time to fulfill need.

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