Palladium up $81 us dollar, page-18

Palladium's price in the past 12 months has been volatile to say the least .
It maintained a good base of around $2300 early in the year and in March started an upward trajectory reaching a peak of nearly $3000 in May. This spike in price was due to Nornickel partly suspending work to two mines due to inflow of water.The price eventually found a new base around $2600 but started a downward trajectory around August as a result of reduced vehicle manufacture due to chip shortages. It then hit a new base of around $2000 in October but fell of a cliff in November more than likely due to more bad news on the covid front.
Just as the world was looking like getting back to some normality, another variant reared its ugly head which caused investors to flee Palladium in case of further disruptions to supply lines.
The jury is still out as to what further disruptions lie ahead but one hopes that the chip shortages dissipate.
Vehicle demand is still strong so once the chip shortage problem has been resolved Palladium should stabilise around $2200 to $2400.
I have read a lot of analyst reports quoting these prices as being achievable during 2022.
If things get ugly between the Ukraine and Russia, the US has threatened to introduce serious trade sanctions with Russia. That could cause Palladium to hit new all time highs.