After registering a record high earlier this month, palladium prices dropped about 17% early last week. Palladium prices had a sharp correction, as worries over shortage in its supply from major producer Russia came down several notches. Russia accounts for 40% of global palladium mine production. Palladium is a crucial component in automobile catalysts. Russia is the top producer in the world, followed closely by South Africa. Palladium prices surge after invasion For the past few weeks, palladium prices surged dramatically following Russia’s…
