The luck of palladium has certainly changed. The metal —which is part of the platinum group and used in catalytic converters in ICE vehicles, and in hybrid vehicles— has risen 23% so far this year, triggering an unusual investors’ appetite given the recent background.
The turnaround comes after palladium depicted the worst performance of all raw materials in 2021 and because of its major role in the semiconductors shortage that hit automakers so hard —the situation caused a palladium collapse in the second half of last year.
