Historically the price Palladium
has followed the auto industries lead. However, the recent drop in metals has created a divergence in palladium
and one of the underlying consumers Toyota manufacturing. To be fair , Japan's move to further devalue the yen played a role in this gap too. But looking at other car makers, we can say the divergence between Palladium
and Toyota is not the exception but the rule. As metals continue to be pressured and autos mount a comeback this gap is sure to widen without a correction.