News just out. EU and allies have finally set out to remove Russia from Swift payment system and also make moves to paralyze Russian central bank. This will mean that Russia cannot make financial transactions to handle imports and exports.
Also, apparently some other breaking news I have read indicates that China is also making similar moves to block Russia from making financial transactions with China. If this is true then how in the hell will Russia unload and get paid for it's commodities. Can only mean that Nickel, Palladium and Platinum prices will surge due to global supply shortages. South African PGE producers will be the immediate main beneficiaries of this but I feel Chalice's mining aspirations will now be fast tracked as it is an extremely strategic asset which needs to come online as fast as possible.
With the Russian economy being sanctioned by the greater world economies it just comes down to how long Putin can hang on to his power. This situation could drag on for quite some time.
Palladium price could surge much further
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Last
$1.15 |
Change
-0.005(0.43%) |
Mkt cap ! $447.3M | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.18 | $1.14 | $4.158M | 3.613M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 76065 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.16 | 2423 | 2 |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.15 |
Change
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| Open | High | Low | Volume | ||
| $1.15 | $1.18 | $1.14 | 746441 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| CHN (ASX) Chart |