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. Last Updated: 07/27/2016

Palladium at $670

LONDON -- Palladium soared Wednesday to a new all-time high of $670 an ounce amid strong demand from carmakers and no deliveries from principal supplier Russia, deale rs and analysts said.

The price of the precious metal, used mainly by car manufacturers in autocatalysts to clean exhaust fumes, jumped $25 from early European levels to $670 in a thin market.