Seeking value through the mining and exploration of our PGM and chrome assets in South Africa

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Bullboard - Investor Discussion Forum Eastern Platinum Ltd. T.ELR

Alternate Symbol(s): ELRFF

Eastern Platinum Limited owns directly and indirectly a number of platinum group metals (PGM) and chrome assets in the Republic of South Africa. All of the Company’s properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy’s Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the world’s PGM-bearing... 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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