SGQ 2.86% 3.6¢ st george mining limited

SGQ in 2020, page-238

  1. 5,213 Posts.
    lightbulb Created with Sketch. 3159
    Thankyou @Jepren.

    Rhodium , and the commodities ( with Palladium ) are under a supply squeeze .
    The physical not readily , or reliably available and the individual commodity markets even (forecast ) to fall into deficits this year .
    https://hotcopper.com.au/data/attachments/1946/1946932-6e3dac6a3d74adb4fc8f738d3605f9d1.jpg


    Rhodium demand has been dramatically rising each year but there still had been a small excess each year - major issues with Sth African mines and power outages there, at the same time as growing demand from China for rhodium for in cars for emissions control system —
    You are right — A real Supply shortage and shortfall to come !
    Rhodium - “they want it NOW”

    You provided the link to the article & here it also is in case anyone needs to copy and paste .
    https://www.reuters.com/article/us-precious-rhodium-graphic-idUSKBN1ZL1TL

    Something else I read yesterday— a shocking number of catalytic converters being stolen , from under vehicles in car lots ! (in the US)
    Highly organised crime , targeted cutting off and removal of the catalytic converters due to the high value of the metals in the converters, ? Rhodium included?
    Thieves are clearly selling the stolen metal , very valuable Scrap . Unreal.
    Last edited by Aqua65: 25/01/20
 
watchlist Created with Sketch. Add SGQ (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.