The international palladium market, crucial for its use in gasoline vehicle emission purification catalysts, continues to experience price fluctuations around the $1,000 per troy ounce mark. Despite the dampening effect of China’s sluggish economic recovery, a decrease in production from Russia—responsible for about 40% of global supply—coupled with other factors, is exerting upward pressure on...
READ MOREExpanding Nickel Production: Vale Indonesia’s Ambitious New Project Vale Indonesia, a notable player in the mining industry, has announced plans to significantly expand its nickel production capabilities. With an investment nearing $2 billion, the company aims to construct a cutting-edge high-pressure acid leaching plant dedicated to processing lateritic ores on Sulawesi Island. This venture underscores...
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A team of chemists has achieved a significant breakthrough by developing new light-emitting materials based on organic palladium compounds, potentially heralding a new era for LED technology. This discovery could pave the way for the next generation of LEDs, finding applications in smartphone displays, monitors, and even night vision devices. The research, backed by a...
READ MORESouthern Palladium expressed concerns yesterday that fluctuating prices of platinum group metals (PGM) could potentially dampen investor interest in its prominent Bengwenyama project, currently at an advanced exploration stage in South Africa’s Bushveld Complex. This revelation comes despite a 6.58% increase in the company’s share price, closing at ZAR 5.99 (USD 0.32) on the Johannesburg...
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Sibanye Stillwater, the Montana-based palladium mining operation, has reported a substantial $2 billion loss for 2023, attributing the downturn to an oversupply in the metals market that has led to a significant slump in prices. The multinational miner, with over 1,600 employees and contractors at its East Boulder and Stillwater mines, has faced challenging market...
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Palladium membranes have shown great potential for the purification of hydrogen gas. As the demand for pure hydrogen continues to grow in various industries, the need for efficient and cost-effective purification methods becomes increasingly important. Palladium membranes offer a promising green solution due to their high selectivity and permeability for hydrogen gas. “Production of hydrogen...
READ MORENickel Market Innovation Proposal for Environmental Classification of Nickel Andrew Forrest, the visionary behind Australia’s Fortescue Metals Group, has put forward a transformative proposal aimed at redefining the global nickel market. He suggests the London Metal Exchange introduce a system to classify nickel supply contracts based on their environmental impact, distinguishing between “clean” and “dirty”...
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Gokhran of Russia, the governmental institution responsible for the storage of precious metals and gems, has announced its intention to purchase 400 kg of refined palladium in standard ingots for the State Fund of the Russian Federation by March 20, 2024. This move is part of the country’s strategy to augment the liquidity of its...
READ MORENickel Production Dynamics Projected Declines in Key Producing Nations The international nickel market is witnessing significant fluctuations, with a pronounced decline in prices since the previous year adversely affecting nickel miners globally, particularly in Australia. This trend is expected to extend to major producers in China and Indonesia, with forecasts suggesting a collective reduction in...
READ MOREHeraeus Precious Metals and Sibanye-Stillwater announced a partnership on February 15, 2024, to explore the potential of platinum-group metals (PGM), particularly palladium, in new applications within the hydrogen economy. The collaboration aims to develop alternative markets for palladium, leveraging its distinct properties to benefit the burgeoning hydrogen sector with technical innovations. This joint venture will...
READ MOREBelgian materials technology group Umicore is poised for a downturn in both revenue and earnings for the fiscal year 2023, impacted by the declining prices of precious metals such as rhodium and palladium, which have adversely affected its recycling operations. According to a consensus among analysts compiled by Vara Research, Umicore’s financial performance is expected...
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Initial Phase of the Recycling Project Commences Lifezone Metals, in a joint venture with a subsidiary of Glencore, has initiated Phase 1 of a significant recycling project for platinum group metals (PGMs), including platinum, palladium, and rhodium. This development follows the signing of the Subscription Agreement and the completion of funding for this initial phase....
READ MOREThe solar panel market, a rapidly growing sector in renewable energy, is on the brink of a transformative breakthrough with the discovery of a unique property of palladium. This platinum group metal, traditionally not recognized for its optical properties, has been combined with a chalcogen to form a new chemical compound that efficiently converts light...
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In the field of industrial chemistry, the synthesis of glycolic acid, a crucial component in products ranging from skincare to pharmaceuticals, has reached a significant turning point. As demand surges across various industries, the pursuit of more efficient production methods has intensified. At the forefront of this revolution is an innovative development by one of...
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Investment in New Palladium Uses Nornickel, the world’s leading supplier of palladium, has committed $100 million through 2030 to research and development of new palladium applications. This initiative is a response to the increasing demand for green technologies that harness solar, wind, and hydrogen power. Research and Development Focus Nornickel’s R&D center is focusing on...
READ MOREKey industry stakeholders seek government intervention for ailing sector. Challenges in the Mining Landscape Zimbabwe’s primary mining entities report that plummeting metal prices combined with increasing operational costs are jeopardizing the industry’s viability. Notable South African resource conglomerates, including Impala Platinum (Implats), Anglo American Platinum, and Sibanye-Stillwater, play significant roles within this sector. Zimbabwe, recognized...
READ MORESouthern Palladium has taken a significant step forward with its Bengwenyama Platinum-Group Metal project by submitting a Mining Right Application (MRA) to South Africa’s Department of Mineral Resource and Energy (DMRE). Located on the Eastern Limb of the Bushveld Complex, the project is 70% owned by Southern Palladium. This application marks the transition of the...
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China’s slowing economy is impacting the metal market with prices on a decline. As a major consumer of metals, its economic deceleration prompts traders to look elsewhere, specifically towards oil and select agricultural commodities. Metals Feel the Heat Hedge funds, eyeing the broader picture, anticipate a deeper slump in metals, ranging from platinum and aluminum...
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China’s Influence on Metal Trading: The economic slowdown in China, a major metal consumer, is causing concern in global metal markets. This has led to declining prices and traders looking for alternative investment avenues. Impact on Metal Prices: Metals like copper, aluminum, and zinc have decreased in value, with nickel experiencing a notable 38% decline....
READ MORERegenx Tech (CSE: RGX) (OTCQB: RGXTF), known for its precious metals recovery technologies, has commenced commercial production at its plant in Greenville, Tennessee. From Commissioning to Production: Following the successful installation of an expanded gas line and the necessary permit approvals, the company has transitioned from its commissioning phase to initiate commercial production operations. This...
READ MOREPalladium prices are anticipated to continue being somewhat weak, due to a shift towards using platinum in automobile production and destocking activities in China. UBS data suggests that despite being in undersupply, palladium futures are currently trading at $1,252 per troy ounce in New York, with forecasts indicating a range of around $1,200 per ounce...
READ MORECheck out the exclusive interview with Sergey Saltykov, doctor of chemical sciences, catalyst lead, department for technological innovations, Nornickel, on Palladium: You may also be interested in more Palladium news!
READ MOREVancouver-based Metallic Minerals Corp. has announced an updated National Instrument 43-101 Mineral Resource Estimate, revealing a remarkable 25% increase in contained metal at its La Plata project in Colorado. The increase comes after completing an additional 1,730 meters of diamond drilling in 2022. Inferred mineral resources at the Allard deposit now total 1,211 million pounds...
READ MORESouthern Palladium, a dual-listed platinum group metal (PGM) company, has reported a significant 34% increase in total Mineral Resources at its Bengwenyama Platinum Group Metal project in South Africa. The project is situated on the Eastern Limb of the renowned Bushveld Complex. The company’s recent update to investors revealed that the total Mineral Resource, including...
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