Automobile production drops due to COVID-19, therefore the price of palladium drops. As its used in catalytic converters. But as the productions resumes we might see a price raise of palladium. Plus as the laws get stricter about the pollution the price of palladium will rise, until there is a cheaper/better alternative, or production switches to electric cars.
Note
What I thought has happened, although the fall was much more significant than what I have expected it to be.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.