Palladium Falls Below Platinum as Auto Industry Shifts Preferences Palladium has fallen below platinum for the first time since February, reversing its long-standing price advantage. This shift reflects a weakening demand outlook for palladium, primarily used in gasoline-powered car catalytic converters, exacerbated by a shift in automaker preferences towards the relatively cheaper platinum amidst a broader economic recalibration since the Covid-19 pandemic. Meanwhile, platinum benefits from positive market projections and increased demand in plug-in hybrid vehicles, which use more platinum-group metals compared to traditional engines. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts U.S. Job Growth Disappoints in April, Unemployment Ticks Up to 3.9% READ MORE Yellen Critiques Market Overreaction to Inflation Data READ MORE Gold Prices Plunge as Middle East Tensions Ease and Fed Maintains Higher Rates READ MORE Fed’s Barr Declares End to Emergency Loan Program Amid Banking Stability READ MORE Powell Cautious on Rate Cuts, Sees Longer Path to Inflation Target READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment