Palladium is set to generate strong investment returns during 2010, driven both by its use as a precious metal and as a replacement for platinum in automobile manufacturing.Palladium spot prices dropped by almost 3.7% on Jan. 21, from as high of $468.7 per ounce on just the previous day for spot delivery on the Nymex, following the recall of 2.3 million vehicles by Toyota Motor (TM - Get Report). The metal remained under pressure as Honda Motor (HMC - Get Report) joined the recall parade.
Palladium Rides High on Auto Recovery
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