Exactly. Bad time in the price cycle to have an operating mine or to be starting a mine.
Good time to have a few potentially very lucrative unmined deposits.
Looks like China holds most the platinum. Not sure about Pd but could be the same story.Above ground stocks needed to meet this shortfall are worth only an estimated 5 months of yearly demand — and 85% (up from 5% four years ago) of these stocks are held in China.
https://theoregongroup.com/investment-insights/platinums-supply-and-demand-crisis-has-started/
in Russia, the world’sproducer of platinum, production and exports have been impacted indirectly by international sanctions since the invasion of Ukraine.
For example: in early 2022, Russian metals producer NorNickelsales of platinum (and other metals) fell due to problems with supply chian logistics and delays with imported equipment. A significant amount was exported to China, where imports of Russian platinumincreased x279 in early 2023, compared to 2022.
In May 2022, the UK — theof Russian platinum —an increase of import tariffs on platinum from Russia and Belarus by 35%
Exactly. Bad time in the price cycle to have an operating mine...
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