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Palladium price surges toward record high amid supply shortfall


Palladium price surges toward record high amid supply shortfall
Image: Nornickel
Palladium pushed toward to a record high as rebounding automaker demand and supply disruptions look set to keep the market in a deep deficit.
The metal has climbed 15% this year, building on five years of gains. Palladium has benefited as stricter environmental standards boost loadings of the metal in catalytic converters used to curb pollution from gasoline-powered vehicles. Supply disruptions last month at Russian mines run by MMC Norilsk Nickel PJSC have exacerbated supply concerns, even after the world’s largest producer has since said the recovery is proceeding faster than originally planned. ....

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EXCLUSIVE China opens its borders to billions of dollars of gold imports - sources


ChinaEXCLUSIVE China opens its borders to billions of dollars of gold imports - sources
Swati VermaXiao HanPeter HobsonSwati VermaXiao Han
4 minutes read
China has given domestic and international banks permission to import large amounts of gold into the country, five sources familiar with the matter said, potentially helping to support global gold prices after months of declines.
China is the world s biggest gold consumer, gobbling up hundreds of tonnes of the precious metal worth tens of billions of dollars each year, but its imports plunged as the coronavirus spread and local demand dried up.
With China s economy rebounding strongly since the second half of last year, demand for gold jewellery, bars and coins has recovered, driving domestic prices above global benchmark rates and making it profitable to import bullion. read more ....

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China opens its borders to billions of dollars of gold imports


China opens its borders to billions of dollars of gold imports
Image from World Gold Council via Twitter.
China has given domestic and international banks permission to import large amounts of gold into the country, five sources familiar with the matter said, potentially helping to support global gold prices after months of declines.
China is the world’s biggest gold consumer, gobbling up hundreds of tonnes of the precious metal worth tens of billions of dollars each year, but its imports plunged as the coronavirus spread and local demand dried up.
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