Palladium gains, highest price since 2011

AP News
Posted: May 28, 2014 5:15 PM

Palladium futures are rising to the highest point since 2011 as traders fear that tensions with Russia might disrupt exports from the world's top supplier of the metal.

Palladium peaked Wednesday at $844.65, the highest price for an actively traded contract since July 27, 2011.

Palladium futures have increased 16 percent this year as traders worry about supply disruptions from Russia, which makes about 60 percent of the world' supply, according to George Gero, vice president at RBC Global Futures. They're also worried about a mining strike in South Africa, another major producer of the metal.

Other metals prices were mixed. June gold slipped $6.20 to $1,259.30 an ounce. Silver was little changed.

Crop prices were mixed. Oil fell.