Palladium prices continue to soar on strong demand from carmakers

London

LAST year's best performing commodity hasn't lost its touch. Spot palladium prices have soared above a record that stood for 17 years.

That followed its best year since 2010 on growing demand from carmakers for the metal used to reduce vehicle pollution. While palladium is supported by a lack of supply, the risk of a correction increases as prices rise.