The palladium continues to rise

 Palladium prices rose during trading on Friday, amid a decline in the dollar against most major currencies, as well as expectations about a decline in supplies and the global supply of some industrial minerals.

The International Monetary Fund had expected the global economy to grow by 6% this year, which is an increase in its estimates from December.

This comes in light of the shortage in the global supply of palladium, as the Russian mining company "Nornickel" said last month that its production of nickel, copper, platinum and palladium will be 15% to 20% less than its primary target.

The company, which is the world's largest producer of palladium, added that based on calculations of February mine closures due to water problems, it expects its production of palladium, nickel, copper and platinum to drop by 710,000 ounces.

On the other hand, the dollar index fell (against a basket of major currencies) by 13:50 GMT by 0.1% to 91.5 points, and recorded the highest level at 91.8 points and the lowest level at 91.5 points.

In terms of trading, palladium futures rose for June delivery by 13:50 GMT by 0.8% to $ 2762 an ounce, and the highest price was recorded at $ 2787.5 and the lowest price at $ 2725.