Did Palladium Fly Too Close To The Sun?

From forex.com

Now the world’s most valuable precious metal, Palladium prices have continued to soar this year after surpassing gold’s value in March. Yet its bump at the highs suggests a much-needed correction is underway. High demand and low supply palladium has been a key driver for spot prices, since about 85% of its supply is used in exhaust systems in cars to help turn toxic pollutants into water vapour and carbon dioxide. Since 2016 it has nearly tripled in price, although the 40% rally from the October low goes to show how parabolic its trend has been of late. Gains from trough to peak: April 2003: +1,140.3% January ... (full story)