Palladium soared to an all-time high on Tuesday, extending a record run driven by concerns of a shortage of the metal used in emissions-controlling devices for automobiles. Palladium was up 1.2% to $3,007.66 per ounce at 1136 GMT, after jumping to a record of $3,017.18. Prices of the autocatalyst have jumped about 21% since mid-March when top producer Nornickel announced disruptions at two mines, exacerbating market concerns about a shortage. “Palladium lives in its own world with low liquidity and strong momentum potentially taking it higher still,” said Ole Hansen, head of commodity strategy at Saxo Bank, adding ... (full story)