Platinum outperforms palladium amid sharp volatility

Platinum’s supply deficit and auto-catalyst demand contrast with palladium’s weaker structural outlook. Platinum reversed a $23 rise to $1,773 with a $41 retreat, while palladium rebounded about 2% toward $1,251 on short covering despite supply risks; palladium still faces declining gasoline-vehicle demand, recycling, possible surplus, EV adoption, and substitution pressure.