A positive for our Mt Alexander program and development opportunities going forward if prices increase further and inventories continue to drop for our mineralization credits.
LONDON, April 8 (Reuters) - Newly refined Russian platinum and palladium was suspended from trading in London from Friday, denying access to the metals' biggest trade hub in the latest in a growing list of measures against Russian interests because of the conflict in Ukraine.
Prices of palladium surged as much as 11%, with traders fearing the move could worsen a shortage of the metal automakers use in exhaust pipes to reduce emissions.
Russia's Norilsk Nickel (Nornickel) (GMKN.MM) produces 25-30% of the world's palladium supply and about 10% its platinum, which is also used to curb vehicle emissions as well as in other industries and to make jewellery.
A positive for our Mt Alexander program and development...
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