Jim Gallagher, a respected mining executive and former CEO of North American Palladium, has been appointed as the permanent CEO of Clean Air Metals in Thunder Bay. Gallagher initially took on the role as interim CEO following the departure of Abraham Drost. Clean Air Metals’ primary asset is the Thunder Bay North Critical Minerals Project,...
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A whole new generation of superconductors, so needed in many high-tech industries, will be based on palladium compounds, scientists believe, and this may be beneficial for Russia, which boasts the world’s reserves of this rare and expensive metal, as well as almost half of its production. Zero resistance In 1911, Dutch physicist Heike Kamerlingh Onnes...
READ MOREThe world platinum market is expected to swing to a big deficit this year, close to 1 million troy ounces. Here is why this is happening and what implications this may have for the sister metal palladium. World Platinum Investment Council forecasts a platinum deficit of 983,000 troy ounces this year, according to the latest...
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The global palladium market is at a turning point: it’s becoming cheaper, but there are also conditions that point to a possible increase in its price. The structure of palladium consumption is changing, preparing the market for a significant transformation. Unnecessary negativity The price of palladium is dropping, which is making investors nervous. In January...
READ MOREPalladium, a metal mostly used in autocatalysts, fell to a two-year low of USD 1,432.78 per ounce this week and is trading slightly above this level on Wednesday, as concerns over its shortage retreated after top producer Nornickel announced its market forecast for this year. Why it matters Late last week, the world’s biggest palladium...
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Palladium prices reached an all-time intraday high of $3,339 per ounce in 2022, but experienced widespread volatility throughout the year, with prices falling to a year-to-date low of $1,657 per ounce. The precious metal began the year at $1,840 per ounce, but saw an 81% rally between January and March due to Russia’s invasion of...
READ MOREBased on Kitco analytics Precious metals had a mixed performance in 2022, with platinum being the top performer, up nearly 11% on the year. Silver came in second, with a gain of nearly 3%, while gold ended the year flat. Palladium was the biggest loser, down around 6% in 2022. These precious metals showed their...
READ MOREWho The Russian diversified mining company Norilsk Nickel has outlined three scenarios for economic growth, energy transition and climate change for the next three decades. The three scenarios, presented in November during the 27th Conference of the Parties to the UN Framework Convention on Climate Change (COP27) in Egypt, are based on the global temperature...
READ MOREA new palladium and platinum catalyst shows great promise in eliminating methane emissions from various human activities. The major advantage over other catalysts is its ability to work in the presence of water vapor, which is always present during natural gas combustion. Who Researchers at the Universitat Politècnica de Catalunya outlined their findings in a...
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