Palladium Propelled To Record Highs By Russia Supply Concerns
"Palladium prices have rocketed 80% this year to all-time highs as financial sanctions on Russia, which produces 25-30% of global supply, disrupt shipments and worsen a supply shortage."
-----> "Palladium is used by automakers in engine exhausts to reduce emissions."
"From around $1,900 an ounce at the start of the year, palladium surged to $3,440.76 on Monday, surpassing 2021's record of $3,017.18."
"As of Saturday, 2,484 fully vaccinated individuals in Massachusetts have died due to the virus"
That’s why thieves are targeting catalytic converters, cutting them off vehicles.
Catalytic converters switch between that and platinum depending on price. We have a big platinum mine in Montana, and I’m pretty sure there are some very large undiscovered sources in west coast states.