PLTM - Palladium plummets one week after hitting all-time highs

Palladium futures plunge as much as 17%, reversing from all-time highs on indications that the war in Ukraine may not inhibit supplies as much as first thought from top producer Russia, which mines ~40% of the world's total. Palladium in London (XPDUSD:CUR) recently -13.6% to $2,433.35/oz, facing its biggest daily percentage drop in two years after prices pushed well past $3,000 last week, while in New York the metal traded -14% to $2,405/oz; platinum -3.2% in London at $1,044.79/oz and -3.3% in New York at $1,052.30/oz. ETFs: PALL, SPPP, PPLT, PLTM, PGM The president of the world's biggest palladium producer, Norilsk Nickel (OTCPK:NILSY), said the company can redirect cargoes via alternate routes, despite the suspension of air links with Europe and the U.S. Palladium has not been hit with sanctions, but Russia's increasing isolation is affecting supply, Norilsk president Vladimir Potanin said over the weekend, adding that some customers are

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Palladium plummets one week after hitting all-time highs