Palladium climbs to one-year high on Russia supply concerns

Palladium surged near to a highest level in one year, as the biggest exporter of palladium Russia is threatened sanctions by U.S. and its allies for Russia actions in Ukraine. Palladium price has jumped 8.8% this year, while this week it gained 0.4%. Russia together with second largest palladium exporter South Africa is responsible for almost 80% of palladium output last year.