Completed ingots of silver (1030 grams), left, palladium (2848.4 grams), top, platinum (5416.5 grams), right, and gold (1000 grams) sit following manufacture at the JSC Krastsvetmet non-ferrous metals plant in Krasnoyarsk, Russia. (Photographer: Andrey Rudakov/Bloomberg)

Palladium Tops $1,600 as Metal Sets New Highs on Supply Shortage

(Bloomberg) -- Palladium topped $1,600 an ounce for the first time, and there’s little sign of the rally slowing as global supply tightens.