perhaps there are two storms?
"Palladium prices hit highest since August 2011
24 March
"The metal has also benefited from the launch this week of two palladium-backed exchange-traded funds in South Africa."cont
"Between them, Russia and South Africa produce nearly 80 percent of the world's palladium.
The metal has also benefited from the launch this week of two palladium-backed exchange-traded funds in South Africa. A similarly structured platinum fund launched in Johannesburg last year saw hefty inflows of palladium's sister metal.
Spot palladium hit a high of $791.50 an ounce, its strongest level in more than 2-1/2 years, and was up 3.5 percent at $789.75 an ounce at 1141 GMT.
We have two potentially large new demand areas for palladium in an already undersupplied market, and with continued uncertainty over the South African supply situation and some speculative movements around Russia, we could see palladium holding these gains," Mitsubishi analyst Jonanthan Butler said.
"If the $800 an ounce level gets tested, we could be in a totally different paradigm," he said." continues.......
http://www.mineweb.com/mineweb/content/en/mineweb-fast-news?oid=234062&sn=Detail
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and I had to check if Nkwe had "palladium" ?
this 2003 pdf re listing on asx was an interesting read and I note that platimun was $700 an ounze then...
http://www.nkweplatinum.com/framework/documents/displaydocument.asp?doc=598
What prices in the next ten years? which would barely be scratching the surface of these long term mines...wouldnt it? The Chinese do have a reputation for their long term visions,imo.
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