Palladium prices hit record high in the entire history of observation

Palladium quotes climbed to new this morning historical maximum, breaking the $ 2 thousand mark and reaching $ 2000.5 an ounce. At 10:13, prices retraced slightly up to $ 1988.43. Futures for March added 0.64% and was trading at $ 1965.85. Metal also set a record last week rising to $ 1914. As analysts told the company MKS PAMP to Reuters, this dynamic is due to the fact that investors are afraid of a reduction in the volume of its supplies. The growth of the metal has justified the forecasts of some experts, believed that by the end of the year its value could rise above $ 2000. The corresponding survey was carried out agency Prime  at the end of last month. The prerequisite for the rise in prices, in their opinion, is a sharp increase palladium demand from car manufacturers in Europe and China. Increased interest in him in the automotive industry associated with the tightening of environmental requirements in the largest states, in connection with which specialists expect further growth in demand for metal.