Palladium surges 6% on jitters over Russia sanctions

Palladium has surged 6% this week on the back of concerns that supply from number one producer Russia could be hurt by sanctions imposed by the US. Although the supply pipeline of the metal, more than two-fifths of which is sourced in Russia, has not been directly hit by the sanctions, the market has been rattled by the inclusion of Russian magnate Oleg Deripaska on the sanctions blacklist.