Sina Finance reported on December 12 that palladium rose for the 15th day in a row, making it the longest continuous increase since records began, surpassing the record high of gold prices ever recorded.

Spot palladium rose sharply on Thursday to a record $1,933.66 per ounce, extending the year-to-date increase to 53%. Supply concerns are driving up palladium prices as the palladium mine in South Africa, the world's second-largest producer of palladium, was shut down for 24 hours this week due to power shortages. South Africa's national power company, Eskom Holdings SOC Ltd., is still implementing rotating power restrictions, albeit to a lesser extent.

“There doesn't seem to be anything that can slow the rise of palladium,” said Daniel Briesemann, an analyst at Commerzbank. “Although we think the sharp price increase is exaggerated, there is no end to the current rally.”

Palladium's gains on Thursday pushed it past the 2011 record high of $1,921.17 per ounce.