Palladium closes in on $2 000 as red-hot rally mints records

Palladium’s blistering rally shows no sign yet of cooling off as records tumble: the precious metal advanced to the highest ever on Friday as it climbed for an unprecedented sixteenth day. Sister metal platinum fell. Prices are now barreling toward $2 000/oz as mining disruptions in major producer South Africa add to supply concerns, tightening a market already hobbled by a persistent deficit.