GREY:DULMF - Post by User
Post by
materialsgirlon Sep 13, 2014 2:33pm
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Post# 22933793
South Africa Russia etc
South Africa Russia etc80% of platinum comes from South Africa and area and 60% or 70% of palladium comes from Russia
Other sources of supply should rock but this is not happening. Canada has one mine (PDL) that produces mainly palladium and the share price is down by 95% or so from the peak. Stillwater is the only American producer and a large one at that. The share price is still down 30% from the peak and in general has performed poorly. In other words, we need not to get carried away with commodity markets. Also DM intends to have a copper mine with nickel as the prime by product. PGMs are secondary by products.
Demand from the auto sector will be negatively impacted by the sale of EVs (all electric vehicles) by 2020 which is long before DM will be a miner.
It is true that high PGM prices would help DM but the margin of improvement might be limited
There are several new monster platinum ore bodies in South Africa that are low low cost. They will likely be producing before DM
mat