Palladium gains sharply as automakers stockpile metal

Palladium prices have surged sharply recently as automakers rush to stockpile the metal. This sudden increase in demand is driven by palladium’s critical role in manufacturing catalytic converters, which help reduce harmful emissions from gasoline-powered vehicles. With stricter environmental regulations…

Aluminum climbs on energy shortage fears in Europe

Aluminum prices have been climbing sharply in Europe, driven largely by fears of an energy shortage that is hitting the metal industry hard. Aluminum smelting is an energy-intensive process, with electricity costs making up about 30% of total production expenses.…