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Eyes on tightening palladium/platinum price differential, parity unlikely: sources

Posted on 24 November 2016

The platinum/palladium discount is in focus this week, with palladium creeping closer to platinum in dollar-terms, although parity is unlikely near-term, according to sources. As of 1005 GMT Wednesday morning, palladium was spot bid at $742/oz with platinum at $938/oz.
This is the tightest the two prices have been in over five years. The last time they traded at parity was back in 2000. Palladium traded above platinum in 2000/2001 when it spiked to more than $1,000/oz after Russian exports were suspended…………………………………Full Article: Source


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