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OverviewAPI
Palladium prices have fallen below platinum for the first time since 2018, driven by the auto industry's substitution of platinum for palladium. This shift is expected to increase in 2024, potentially leading to a surplus of palladium in 2025. The rising market share of electric vehicles is reducing the auto industry's usage of palladium, impacting its price outlook, but the long-term implications for palladium's price remain uncertain.

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