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Why is palladium rising?, Russia/China remaining with ice and letting the West continue with the more expensive green route as they already stated last year by not attending the COP26, imo EUA deal of some description will be with China
http://www.chinadaily.com.cn/a/202208/04/WS62eb28f0a310fd2b29e703e7.html
https://www.mining.com/chinas-palladium-imports-from-russia-rise-to-a-record-high/
RR2022, I do not think in my opinion that EUA will see NEW lows as I think we have already seen the bottom but this is not to say that we revisit it before a continued up move, the reason I say this is to do with the ETF's having 1,788,720 shares remaining to sell (I assume they have to sell), I also assume that it is BlackRock that hold the shorts knowing full well the ETF's and many II's would and will sell due to the negativity to Russian stocks.
https://tvc-invdn-com.investing.com/data/tvc_34c2bcc406233f059c5a30b214e29fff.png
https://www.morningstar.com/stocks/xlon/eua/ownership
only my opinion as I say
http://www.chinadaily.com.cn/a/202208/04/WS62eb28f0a310fd2b29e703e7.html
CTC, tend to agree but also disagree at the same time, I think it was CAW that mentioned about all miners in same boat, so I would agree with him, that then puts the fall in the cyclical category in my book (plus the conflict handicap added)
Don't care what anyone saying when you have a debt free miner and it starts to produce we will see some big changes in the SP regardless of it being in a conflict zone (this handicap is already applied), come EUA start to give out some figures monthly updates.
BRICS, would not be surprised to see the likes of India/china start building car factories in Russia, do not agree with analysts that Russia a basket case, rather see that going to Europe, by moving closer to the commodities along with abundant energy I believe it will be a given.
EUA bidding their time
Also looking at the last clear image from WK there has been a lot of work including a large area of tree clearing to the south of the site
https://apps.sentinel-hub.com/sentinel-playground/?source=S2&lat=59.537962441859115&lng=58.938560485839844&zoom=15&preset=1-NATURAL-COLOR&layers=B01,B02,B03&maxcc=100&gain=1.0&gamma=1.0&time=2022-01-01%7C2022-07-24&atmFilter=&showDates=false
Through the eyes with S Ritter
https://www.youtube.com/watch?v=uoNj9ME0jz8