RE: Another nice mention17 Jan 2020 13:32
Norilsk Nickel Shares May Add Another
Nornickel
Buy now
The rally continues in the palladium market. So, if for the whole of 2019, the cost of palladium increased by 40%, then since the beginning of 2020, prices have added another 20%. It seems that I sold the shares of Norilsk Nickel early, there is a feeling that they can add more.
At the same time, fortunately, the light on the Norilsk Nickel did not converge. Recently, he has repeatedly written about Eurasia Mining (EUA LN), a palladium producer that develops deposits in the Kola Peninsula and the Urals. I keep the paper in one of the BidKogan service portfolios, the position profit is approximately 31%. The company's shares are a direct investment in palladium and rhodium, the price of which has also increased (over the year from $ 3,000 to $ 8,500 per ounce).
As already noted, the demand for palladium is growing due to an increase in the demand for the automotive industry for the production of catalysts used in gasoline engines. Dieselgate (those who still do not know that it is welcome to Google) in some way turned the picture of demand: platinum used in diesel ICEs has faded into the background, and now everyone needs palladium, the supply of which is very limited in the world. According to the forecasts of Norilsk Nickel, the world's largest producer of platinoids, the deficit of palladium may last until 2025.