Loading ...Nymex September palladium contracts tumbled on Tuesday, dropping as much as 8% following a double whammy of surging mine production and weakness in the top consumer of the metal.
In after hours trade palladium was exchanging hands for $536.05, down 6.6% or $38 compared to its previous close. Earlier in the day the metal plunged to a low of $528.20.
The price of palladium jumped to 13-year highs above $900 an ounce a year ago but has now retreated far into bear territory trading at the lowest since September 2010.
more http://www.mining.com/stillwater-plunges-as-palladium-price-is-decimated/