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The price of an ounce of palladium for the first time rose above $1,400 on Thursday. According to Bloomberg, despite the fall in demand for the metal, since mid-August, the value has increased by more than 65%. During trading, the value of palladium rose by 5.4% and managed to reach $1,439.29 per ounce. Metal is necessary for the production of filtration systems for car exhaust. Despite the decline in car sales in China and the EU and low economic growth in other markets, the palladium market did not feel a restraining influence. Commerzbank analysts are signaling a reason to buy metal: in South Africa, strikers are entering platinum mines. Metals Focus Ltd. believes that the shortage of palladium will continue this year.
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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