Palladium's primary usage is for catalytic converters since it's a very effective reusable catalyst for transforming harmful gasses of internal combustion engines into safe gasses. So, it's very closely coupled with ICE based cars. Given the hype around electric vehicles, high interest rates, and bad economic conditions car sales has fallen and palladium has fallen from about 3,000 per oz to around 900 oz in just a couple of years. I'm wondering if this is a great buying opportunity because of low demand? On the other hand, palladium doesn't have a lot of uses outside of ICE, so if ev become more popular than ice cars, palladium will probably depreciate even more. It's also largely produced by recycling old cars, so if more EV adoption happens going forward it's likely to slide even further as it becomes more and more available. What's your guys' opinions? is the EV craze going to bust and palladium goes back to 3000 or will palladium become a cheaper metal like titanium as EV see further adoption.
It's very easy to invest in via etfs ($pall), one could also buy physical bullion.
