Short Squeeze

Palladium prices spike on short covering and limited supplies, briefly surpassing $1,000 per ounce. The metal rebounds after a sharp decline in 2023, but faces uncertainty due to the growing electric vehicle market.

Copper prices are surging again in New York as short sellers face renewed pressure. A shortage of deliverable metal is amplifying the situation, echoing the dramatic short squeeze of May 2024. This could impact production costs for manufacturers who rely on copper.