Palladium prices are exploding--- Here's why it matters

Russia was one of the largest producer or miner of the metal. The mines just to give perspective owns about 40% of total production capacity worldwide. Today palladium shortage is coming in again and all central banks are in bad positions. As the war persists this will further strain world supply, thus the price increasing exponentially to what it is today. The palladium market is in backwardation, it would cost significantly more to buy metal on contracts offering delivery in the near future than it does to buy contracts with a longer maturity. The investors are paying huge premiums for delivery right away, and the growing concerns of not meeting contract obligations stated on the contract due to the constrained supply.

Yep, and the longer this climate goes on, the more Platinum will become rarer.