Palladium and silver show strength
Palladium and silver show strength
Gold is always worth an investment, but at the moment palladium and silver score points.
Palladium demand is highly dependent on economic activity. The automotive industry consumes around 85 percent of palladium. Demand is expected to remain high as increasingly stringent emission standards necessitate the increased use of palladium in catalytic converters. Palladium demand was also helped to new heights by the diesel scandal. Indeed, the physical palladium market is relatively small, which explains the metal's price increase. Russian palladium production shortfalls are also creating a larger palladium deficit. Platinum can also be used in catalytic converters, and it is also used in hydrogen technology.
So, palladium and platinum in the projects should be good commodities for mining companies. This is the case with Sibanye-Stillwater - https://www.youtube.com/watch?v=XIj-KpP4VPI -, for example. As the world's largest primary producer of platinum, the second largest primary producer of palladium (USA and South Africa), and also a major gold producer, the company has a lot to be proud of.
After the Corona breakout, not only platinum and palladium have recovered in price. The silver price was able to break out of a long-term downward trend. Since industry consumes a good half of silver production, silver is also dependent on economic development. If the economy grows, there is also more demand for silver. Due to the increase in renewable energies and also thanks to the booming electromobility, which consumes more silver than the conventional automobile industry, silver should be in strong demand in the next few years. Good prospects, then, for Discovery Silver - https://www.youtube.com/watch?v=UE6X_wLBLMQ . The main project is the Cordero silver project in Mexico, one of the world's largest silver resources.
Latest corporate information and press releases Sibanye-Stillwater (www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/) and Discovery Silver (www.resource-capital.ch/en/companies/discovery-silver-corp/).
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