“There is no reason to sell palladium right now,” Frank Lesh, a broker at Future Path Trading, said in the WSJ article. “This thing can go to $1,000.”
However, traders could see a swift correction if the strikes end. For instance, prices plunged 4.8% in the month after the last major mining strike was concluded in September 2012. Analysts argue that autocatalyst demand from automakers will not be enough to keep prices elevated without producer supply uncertainty.
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Max Chen contributed to this article.