Palladium tops $1 800 for first time as shortage persists

Palladium surged to a record, topping $1 800 as stricter air-quality rules boost demand for the metal used in vehicle pollution-control devices.

Spot prices climbed 2.1% to $1.802.24/oz at 11:09 a.m. in New York. The metal is up more than 40% this year.