A palladium exchange traded fund shined on Monday as the precious metal is expected to slip back to a deficit this year. The abrdn Standard Physical Palladium Shares ETF (NYSEArca: PALL) increased 4.9% on Monday while the palladium spot price was up 4.9% to $2,041.6 per ounce. Lifting palladium prices, Autocatalyst maker Johnson Matthey warned that the palladium markets are likely to move back into a deficit. Palladium is used in autocatalysts to reduce harmful emissions from vehicle engines. Tightening supplies of palladium have helped drive up prices in the precious metal over the years. Johnson Matthey argued that ... (full story)