Under the condition that the demand of consumers for vehicles has not decreased, it is the only choice for manufacturers to produce vehicles that meet the "European standards". In order to solve this problem, it is imperative to produce a converter to remove pollutants. Palladium is the main metal needed for this converter, and strong demand gives palladium sufficient upward momentum.
The supply particularity of palladium as a metal must also be considered. The main production of palladium (platinum) is mainly concentrated in two countries-South Africa and Russia. Due to the high geopolitical risks in these two places, supply concerns have been pervasive in the market. When South African workers went on strike in 20 14, all palladium (platinum) production in this area stopped.
The shortage of palladium supply is further aggravated. Palladium briefly broke through years of tenacious resistance at 20 18 1, which is also the high point of 2001$25.00. However, after that, it turned downward until August 20 18, and The Journey to the West effectively broke this position.