Palladium price is closing in on USD 350, with 3% plus increase...

Palladium price is closing in on USD 350, with 3% plus increase yesterday.

The rise in Palladium prices is expected to continue to increase and gather pace when international vehicle demand improves. Certain brokers have given Palladium the strongest upside potential of all metals and others have raised the prospect of increasing use in jewellery industry of Palladium.

This is good news for all PGM producers and Platinum Australia is no exception. More so another variant of the Panton project may be taken out of the draw over the next 12 months. I would expect this to start being a possibility once the price breaks through USD 400 with strong further upword potential.

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