Palladium accelerates march towards $1,400

Palladium rose today to near $1,400 an ounce, continuing its march above gold's value on supply shortage prospects. 

Analysts expect a shortage of about 10 million ounces a year, with last year's supplies receding notably as well. 

That will come as demand strengthens from car companies for exhaust components. 

Palladium rose over 70% in the last six months past $1,400. 

As of 14:52 GMT, palladium rose 0.6% to $1,384 an ounce, with a session-high at $1,388, and a low at $1,374.