Supply bottlenecks for raw materials on the rise
Palladium is used for jewelry production, as an investment metal and especially in the automotive industry. Only in 2010 there was a Nobel Prize for the discovery of the very good catalytic properties of palladium. So gasoline engines contain palladium in the catalyst. Platinum is used in the jewelry industry, in space travel, medicine, in the chemical industry and also in shipbuilding. In the automotive and aerospace sectors, platinum is used to make electrodes in fuel cells and as a catalyst material.
Outside Russia, there is the platinum and palladium producer Sibanye-Stillwater – https://www.youtube.com/watch?v=mKhndWB3VVc -. Its projects are located in South Africa, Zimbabwe and the USA. In addition, the company produces gold and is just gaining a foothold in the battery metal sector.
Palladium is also used in electrical contacts, serving as a diffusion barrier and thus prolonging the life of electrical equipment. Contacts made of gold also have excellent conducting properties. Gold as a safe haven is extremely in focus. At the end of February, an ounce of gold cost a good US$1,909, the highest price ever at the end of February (since the gold standard ceased to exist). Normally, March is the worst month for gold year-on-year, but this time the price of gold could move in a different direction due to the war in Ukraine. So it’s time to take a look at the mining companies that have the sought-after precious metal in their projects.
Here, one could think of Ximen Mining – https://www.youtube.com/watch?v=gQ9Xg-64cag -. The company owns two gold and one silver project in British Columbia. Ximen continues to expand its land package around its flagship property, the Kenville Gold Mine.
Latest corporate information and press releases from Sibanye-Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ -).
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