Pd is up more than 25% from its early December low after falling more than 50% in the preceeding year. Not for the faint hearted and certainly not an easy metal to build a feasability study around.
To my mind, at these price levels, long term demand is assured and supply will be constrained as many mines are not economic. Similar to oil, until recently, Russian dumping to raise hard currency has been a key contributor to Pd's year long slump.
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