Palladium and gold as the winners in 2019
In the years 2014 to 2018, the index was down by around 11.52 percent. Precious metals, including palladium, were the main contributors to the 2019 plus. For the third year in a row palladium was the best performing commodity. In the course of last year, the price of palladium rose by 54.21 per cent to $ 1,912 an ounce.
Palladium is a scarce commodity and there could be a further deficit in the coming years. This is because demand, especially from the automotive industry, is increasing. Some bank analysts are forecasting a price of around $ 2,500 an ounce for mid 2020. These are good prospects for companies that own palladium. This includes Sibanye-Stillwater, for example.
Sibanye-Stillwater owns platinum metal mines in the USA and South Africa - https://www.commodity-tv.com/play/sibanye-stillwater-diversifying-globally-in-metals-and-jurisdictions/. One of the company's goals is to be at the forefront of innovation in the mining industry. To this end, Sibanye-Stillwater is investing in new battery technologies and in the application of algorithms to drive the mine of the future. The company is also one of the largest gold producers worldwide.
The price of gold rose by around 18.3 percent last year and posted its best performance since 2010, and gold has shown once again over the last 20 years that it helps investors limit losses and volatility in the markets. Flaring geopolitical tensions and a much-anticipated weakening of the US dollar could push the price of gold up further. Therefore, you should have a look at gold companies such as GoldMining.
GoldMining - https://www.commodity-tv.com/play/goldmining-is-acquiring-and-advancing-gold-projects-in-the-americas/ - has gold and gold-copper projects in the USA, Colombia, Peru, Canada and Brazil. This is a considerable portfolio that GoldMining can call its own. The company continues to focus on growth.
Current company information and press releases from Sibanye-Stillwater (https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/) and GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc/).
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