Palladium and an Ontario mining success story

摘要

Palladium has been making headlines of late with the scarce metal surging past gold to hit a record high, the rally in part driven by concerns over Russian and South African supplies. Just a few years ago, in February 2016, prices fell to as low as US$482 per oz. Since that time, however, they have increased by almost 400% to sit today at about US$2,300 per oz. This is a remarkable increase over such a short period of time, due largely to growing demand from the automotive industry for use in emissions-reducing catalytic converters. Canada produces little palladium, but it boasts an incredible success story.