Bullboard - Stock Discussion Forum Eastern Platinum Ltd. ELRFF

Primary Symbol: T.ELR

Eastern Platinum Limited owns directly and indirectly a number of platinum group metals (PGM) and chrome assets in the Republic of South Africa. It is engaged in re-mining and processing of tailings at the Crocodile River Mine (CRM) and the exploration and development of other PGM and chrome properties located in various provinces in South Africa. All of the Company's properties are situated on... see more

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Eastern Platinum Ltd. > "Why Russia's Palladium supply matters"

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Post by FreedomFun55 on Mar 08, 2022 10:32am

"Why Russia's Palladium supply matters"

Why Russia's supply matters

"Russia accounts for 40% of all mined palladium production. The metal itself is primarily used in catalytic converters in gasoline-powered vehicles. And now, there are growing concerns that Russia's supply will be restricted by sanctions against the country following its full-scale invasion of Ukraine.

"The palladium price has soared on the back of more fundamental concerns related to Russian supply. Current sanctions on Russia, such as the restrictions on access to SWIFT, will make exporting its commodities extremely challenging," said Capital Economics commodities economist Luke Nickels. "It will be difficult for buyers to substitute Russian palladium with alternative sources of supply. As a result, we now expect palladium prices to remain elevated for some time.""

https://www.kitco.com/news/2022-03-07/What-s-next-for-palladium-price-after-metal-hits-record-highs-on-Ukraine-crisis.html

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