Palladium 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 from December 2023 to at...
Palladium news
Palladium – Unique Properties, Catalysts, Innovations
Check 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!
Metallic Minerals Reports 25% Increase in Contained Metal at La Plata Project
Vancouver-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 of copper and 17.6 million...
Southern Palladium’s Bengwenyama Project Shows 34% Increase in Mineral Resources
Southern 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 both indicated and inferred resources,...
New CEO of Clean Air Metals launches platinum and palladium deposits
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, an advanced-stage exploration project located...
Palladium-based compounds may be the superconductors of the future, scientists say
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 discovered that the electrical resistance...
Platinum deficit could cause palladium shortage
The 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 report of the global research...
Palladium: A story of ups and downs
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 this year, the price of...
Palladium tests 2-year lows, as top miner sees deficit shrinking in 2023
Palladium, 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 producer Nornickel reported a palladium...
What Awaits Palladium Prices in 2023 After Last Year’s Turbulence
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 Ukraine and uncertainty in global...