Palladium falls as concern EVs will destroy demand returns to the fore
Palladium prices fell by 3% on Thursday as concern the take-up of electric vehicles will destroy long-term demand unravelled some of the December gains that followed Britain's expansion of sanctions on other Russian metal trade. Commodity analysts said technical factors also played a part as palladium fell by 3% to $1,033 a troy ounce by 1859 GMT, its lowest since Dec. 14 when the UK restrictions were announced and the market was concerned about their possible expansion in future.