Silver and palladium in demand
While palladium experienced a new record high in price, platinum rose more moderately. Palladium is a critical component in catalytic converters in gasoline engines when it comes to reducing unfavorable emissions. And the demands on emissions are becoming ever higher globally. Experts predict a record palladium deficit at the end of next year (calculated since 1980) due to rising demand. Even if electric mobility is advancing. Platinum is mainly used in diesel engines.
Sibanye-Stillwater is one of the benefiting companies that own platinum and palladium. - https://www.youtube.com/watch?v=BHb5SLrbq8s=6s - The company has production facilities in North America and South Africa, including recycling. North America is a mining friendly country. Sibanye-Stillwater also has gold projects in the Witwatersrand Basin in South Africa, the area with the largest known gold reserves in the soil.
The precious metals sector has developed very well in recent months, especially the gold price. But silver should not be forgotten. Especially in the third quarter of 2019, the silver price made up some ground. Investor interest has risen enormously. The sales of silver coins recorded by the Metals Focus Bullion Coin Survey in the first half of 2019 also increased by a third compared to the previous year.
The Solactive Global Silver Miners share index - it contains 20 to 40 silver companies - has therefore also risen to new highs. Higher silver prices increase the attractiveness of mining stocks. Thus also the attractiveness of MAG Silver.
MAG Silver - https://www.youtube.com/watch?v=YUDQ1IKq8BQ - together with its partner Fresnillo, will bring the Juanicipio silver project (high-grade silver-gold-lead-zinc deposit) in Mexico to production maturity in the foreseeable future.
Current corporate information and press releases from Sibanye-Stillwater (www.resource-capital.ch/de/unternehmen/sibanye-stillwater-ltd/) and MAG Silver (www.resource-capital.ch/de/unternehmen/mag-silver-corp/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies and that there is therefore a potential conflict of interest. No guarantee for the translation into German. Only the English version of these messages is valid.
Disclaimer: The information provided does not constitute any form of recommendation or advice. The risks involved in securities trading are expressly pointed out. No liability can be accepted for damages arising from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. For the correctness of all contents however no guarantee is taken over. Despite the greatest care, I expressly reserve the right to make an error, particularly with regard to figures and prices. The information contained herein has been obtained from sources believed to be reliable, but does not claim to be accurate or complete. Due to judicial judgements the contents of linked external sides are to be answered for also (so among other things regional court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no express dissociation from these takes place. Despite careful content control, I do not assume any liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/de/disclaimer-agb/