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The data of trades in London on Tuesday showed that the spot price of palladium rose to 1,601 dollars 52 cents per troy ounce. Relative to the previous session, the price of metal went up by 1.4%, and its value exceeded 1 thousand 600 dollars per ounce for the first time in history. Worldwide deliveries of palladium continue to decline, which has caused an increase in its price by 27% since the beginning of 2019. This metal is in high demand in the automotive industry, where it is used in the production of catalysts for cleaning automobile exhausts. Increased demand for palladium will again lead to its deficit in 2019. Bank of America expects that this year, palladium will rise in price by an average of up to 1 thousand 800 dollars per ounce and may even surpass the mark of 2 thousand dollars per ounce for a short period.
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
June had seen Japan’s wholesale prices dropping slower than May’s historic decline. This followed as commodity costs advanced and some of the virus-driven deflationary pressure eased on a rebound monitored in Chinese demand. The ...
China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger. The data, released by the National Bureau ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
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