Palladium quietly up to over $2850us/oz with very little fanfare. I don't think anyone thinks that this conflict will last forever but I do think things have fundamentally changed between Russia and the rest of the world. This isn't Vlad going into the naughty corner for 15 minutes, this is more return of cold war.
With Russia and South Africa making up the vast majority of global supply there will be interest in supply from stable jurisdictions and the price should stay elevated for awhile.
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