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Beleggen in palladium

Valuta wisselkoersen, euro dollar wisselkoers, euro pond wisselkoers, goudprijs, goudmarkt, goud kopen, zilverprijs, zilver kopen, forex, etc.
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nobody
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Re: Beleggen in palladium

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Palladium price drops below platinum for the first time since 2018

Palladium price fell on Thursday below the platinum price for the first time since April 2018, as growing demand concerns and bets on stable supply weighed on the metal.

Palladium retreated 2.8% to $869.6 per troy ounce, its lowest in five years, while platinum stood at $874.5.

Palladium fell by 39% in 2023 after rising prices from 2018 to 2022 caused the auto sector, accounting for 80% of demand, to start replacing it with cheaper platinum in autocatalysts.

The rising adoption of EVs, which do not require any offgas treatment system, further worsened the metal’s prospects.

“That means that demand will shrink while supply will remain more or less stable,” said Henrik Marx, head of precious metals trading at Heraeus.

“Palladium prices could easily spike on major supply headlines given the thin liquidity. But we consider such rallies as opportunities for producers to add more hedging positions and for speculators to open fresh short positions, as the long-term outlook remains very negative,” Citi said in a recent research note.

The majority of mined palladium production comes in a basket with other metals, limiting producers’ ability to slow palladium output even when the market price is below their costs.

South Africa and Russia account for 80% of global palladium mined output, with the rest mined in North America. Russia’s main miner, Nornickel, will produce slightly less palladium this year, but no further reductions are planned, it said in January.

“South Africa and America are not going to shut down production. That’s the main conclusion,” a source at a major miner told Reuters.

In fact, two South African producers already reported tumbling earnings following the collapse in prices.

Impala Platinum Holdings Ltd. said fiscal second-half profit likely fell by more than 85% and wrote down the value of assets in South Africa and Canada. Anglo American Platinum Ltd. said 2023 profit sank by as much as 79%.

Shares in the four companies that mine most PGM metals in South Africa all fell in Johannesburg trading. Amplats dropped 6.8%, Implats slid 1.9%, Northam Platinum Holdings Ltd. declined 5.2% and Sibanye Stillwater Ltd. was down 4.6% as of 10:43 a.m. local time Thursday.

(With files from Bloomberg and Reuters)

https://www.mining.com/palladium-price- ... ince-2018/




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Re: Beleggen in palladium

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24 October 2024 - Palladium rallies 6% as G-7 considering sanctioning Russia
Palladium prices are up more than 6% today, after the US asked G-7 allies to consider sanctions on Russian palladium and titanium.
The price of the metal is supported also by safe haven demand and great year for precious metals; especially gold and silver.
Russian company Nornickel represents almost 40% of global palladium production, so any sanctions may be really disruptive, potentially lifting prices.
  • Palladium and titanium are strategic materials for multiple military applications; also computer chips. The US has already blacklisted Russian titanium, but western governments didn't cut off Russian supplies because of interference in global markets and disrupting supply chains.
  • The price of palladium rose 12% in December on speculation the metal could be next in line for restrictions after the UK issued sanctions on a number of Russian metals. Earlier this year, the US and UK imposed restrictions on trading Russian aluminum, copper and nickel. Also, in September, Putin suggested that Russia should think about limiting exports of some commodities such as nickel, titanium and uranium in the response to western sanctions.
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Re: Beleggen in palladium

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