Forgot to add
I expect we will see prices for Pd between $5000 - $10000 AUD
Why?
The projected deficit for Pd is 700,000 oz for 2020. that is huge given stockpiles have been depleted and it is required for all new petrol and hybrid vehicles
The roughly 10-million-ounce a year market has been in deficit for most of the last decade. Standard Chartered analyst Suki Cooper said she expects 700,000 ounce shortfalls this year and in 2021, and for prices to rise.
https://www.reuters.com/article/us-palladium-price-graphic/theres-no-metal-record-breaking-palladium-races-higher-idUSKBN1ZG1T6
We might shortly see the in ground value of our PGEs exceed Ni. Now that would be a hoot!
SGQ in 2020, page-159
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