Although PLA produces platinum it also produces palladium, rhodium and gold (4E PGM). Here's the main reason the price of Palladium is skyrocketing.
Russia currently supplies about 45% of the world's supply of palladium, with a third of that coming from its strategic stockpile.
Though the official level of the Russian stockpile is a state secret, an off-the-cuff disclosure by a Finance Ministry official back in November suggested that the Russians may not have any more stockpile to sell into the market. They may have run out, or they simply see keeping the remaining metal on as a good investment idea.
If Russia has indeed exhausted or shut off state inventories of the metal, the world market will be in deficit in 2011.
Read about it here
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
26.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $221.7M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 69424 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 20000 | 1 |
View Market Depth
| Last trade - 16.21pm 11/09/2025 (20 minute delay) ? |
| PLA (ASX) Chart |
Day chart unavailable