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Jan. 26, 2022, 1:45 p.m. EST

Palladium futures rally to highest finish since September on threat to global supplies

Palladium futures climbed sharply on Wednesday, with prices settling at their highest since September, with rising tensions over Ukraine prompting concerns of a possible disruption to supplies of the metal from Russia, which is the world's largest producer. "An all-out conflict with Russia would exasperate an already critical supply issue in the palladium space," said Chris Blasi, president of Neptune Global. March palladium climbed $161.70, or 7.4%, to settle at $2,350.60 an ounce on Comex, the highest most-active contract finish since Sept. 7, according to FactSet data.

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