A precious metal found in SA mines surges - and it's not gold - it's palladium


39 days ago

Palladium is going up to close to 2100 dollars an ounce.

Electric cars like Elon Musk's Tesla are driving a surge in the precious metal palladium - mainly available in limited supply from mines in South Africa and Russia.

Across the mining board platinum is also getting a lot of attention .

Palladium is a byproduct of platinum mining.

Peter Major, Director of Mining - Mergence Corporate Solutions, makes sense of it all.

Palladium works fantastically well in catalytic converters in cars that burn petrol. the whole world has moved to more stringent vehicle standards. Palladium works the best.

Peter Major, Director of Mining - Mergence Corporate Solutions

When these things move, the sky's the limit. Even the platinum shares. This index today is only a third of where it was in 2007/2008.

Peter Major, Director of Mining - Mergence Corporate Solutions

Listen to the full interview below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning.

Subscribe to our Business Wrap Newsletter

This article first appeared on 702 : A precious metal found in SA mines surges - and it's not gold - it's palladium

Recommended

by NEWSROOM AI

Recently heard on air

AKA - All Eyes On Me (feat. Burna Boy, Da Les & Jr.)

LISTEN TO 947 LIVE
ON AIR Fresh On 947 NOW PLAYING AKA - All Eyes On Me (feat. Burna Boy, Da Les & Jr.)
LISTENING TO
Recently played