Russia could limit the supply of palladium to drive prices higher, says insurance company

Published 2022-06-28
Jonathan Barratt of CelsiusPro says the palladium market could be the site of a Russian "tit for tat."

All Comments (9)
  • United States call it "Liberation" instead of "Invasion". That was what US call it in Iraq, Afghanistan, Libya, Syria, Yemen, Somalia and the list goes on... Why the double standard? Confused... Please enlighten. Genuine question... Instances of the United States "liberated" or overthrowing, or attempting to overthrow, a foreign government since the Second World War. (* indicates successful ouster of a government) China 1949 to early 1960s Albania 1949-53 East Germany 1950s Iran 1953 * Guatemala 1954 * Costa Rica mid-1950s Syria 1956-7 Egypt 1957 Indonesia 1957-8 British Guiana 1953-64 * Iraq 1963 * North Vietnam 1945-73 Cambodia 1955-70 * Laos 1958 *, 1959 *, 1960 * Ecuador 1960-63 * Congo 1960 * France 1965 Brazil 1962-64 * Dominican Republic 1963 * Cuba 1959 to present Bolivia 1964 * Indonesia 1965 * Ghana 1966 * Chile 1964-73 * Greece 1967 * Costa Rica 1970-71 Bolivia 1971 * Australia 1973-75 * Angola 1975, 1980s Zaire 1975 Portugal 1974-76 * Jamaica 1976-80 * Seychelles 1979-81 Chad 1981-82 * Grenada 1983 * South Yemen 1982-84 Suriname 1982-84 Fiji 1987 * Libya 1980s Nicaragua 1981-90 * Panama 1989 * Bulgaria 1990 * Albania 1991 * Iraq 1991 Afghanistan 1980s * Somalia 1993 Yugoslavia 1999-2000 * Ecuador 2000 * Afghanistan 2001 * Venezuela 2002 * Iraq 2003 * Haiti 2004 * Somalia 2007 to present Honduras 2009 * Libya 2011 * Syria 2012 Ukraine 2014 * Pakistan 2022 *
  • @jonlister1981
    Can putin do anything about the world bullshit as well😂
  • While everyone is encouraged to splash around in gold and silver as safety nets and as an inflation hedge, very few are noticing palladium
 Platinum, the other catalytic pgm- sitting at a long time low, is pursued quite avidly by investors now
 leaving palladium largely unnoticed and all alone
 only because it appears expensive on the surface
 what a perfect upward storm ☔ is brewing for palladium. Certainly Not because of demand- neither vehicle manufacturing nor vehicle sales have recovered near prepandemic numbers, rather because of supply
 a whole n’other matter. Russia will capitalize her palladium market share position and lessen its physical availability whilst Africa undergoes labor shortages due to labor strikes and disgruntled unions
 All the while, mines bring ever lesser amounts of physical palladium to market. Palladium has no choice but to return to its all time highs during this inflationary/ stagflationary moment of a strong dollar. What do you suppose occurs to the price of palladium during a (somewhat) recovery from today when, because of furniture/materials/appliances overstocking, an improved employment (recovery) number, improved vehicle sales and lessening home loan interest rate? I say back to 3000 this year and $5000 therafter.
  • @breakhart
    I suspect as much from beginning of war. Russia only supply palladium about 20% to the world, perhaps not much, but enough to cause domino's effect on price raise and shortage
  • A better and sure way of destroying the market for Russian o&g, cap the purchase price of consumer and commercial o&g at home.
  • @PETE4955
    Russia is not the only supplier of palladium.
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