In the News
Palladium tops $1,000 an ounce
16th October 2017
A great example of price volatility to use in microeconomics lessons!
The market price of palladium has climbed above $1000 per ounce for the first time in 16 years, driven higher by increasing car demand and by shortages of supply.
It is unusual for palladium to have a higher market price than platinum.
Palladium demand is expected to grow to 10.13 million ounces in 2017— exceeding 10 million ounces for the first time since 2014. The market expected a supply deficit of nearly 800,000 ounces this year and this scarcity is the main factor causing the spot price of palladium to rise so sharply.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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