Palladium prices slide to 2-1/2 month low

London (Jun 11)  Palladium prices fell to their lowest since April 1 on Thursday, tracking losses in other precious metals as expectations that the Federal Reserve is set to hike US interest rates boosted the dollar. Palladium and its sister metal platinum have been under pressure for much of this year from expectations that soft demand for the metals from carmakers, who use them in catalytic converters, will be outstripped by ample supply. At 0939 GMT spot palladium was down 0.5% at $738.65/oz, having earlier touched a low of $736.00. It has fallen 7% so far this year.

Source: Mining Weekly