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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

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By Myra P. Saefong

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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