Palladium prices rose alongside platinum prices during June and July. The gains have been relatively lackluster, with the monthly average platinum to palladium price ratio rising to 1.15 during July, the highest since May 2017.
The palladium market also has tightened over the past few years. Mine supply issues remain a price supportive risk, with many mining companies reducing their focus on palladium rich ore or even suspending or planning to suspend palladium focused operations due to weak platinum group metal (PGM) basket prices.
The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, www.cpmgroup.com
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