Palladium One grabs more critical minerals assets with acquisition of MetalCorp
MetalCorp's main assets are the North Rock copper-nickel project and the Big Lake copper-zinc-gold-silver project in Ontario.
MetalCorp's main assets are the North Rock copper-nickel project and the Big Lake copper-zinc-gold-silver project in Ontario.
An era of breathtaking palladium rallies is likely to be ending, analysts said.
Palladium prices spiked shortly after the invasion of Ukraine.
Located 10 km from Marathon, Ontario, the mine is slated to produce 245,000 ounces of palladium annually over an estimated 13-year mine life.
Prices of the two metals are largely unchanged from the start of the year.
A new palladium and platinum catalyst is able to eliminate methane emissions from transport and other human activities.
Company now expects its US PGM mines to produce between 445,000-460,000 ounces of platinum and palladium this year, down from 550,000-580,000 ounces expected previously.
Platinum prices have fallen from a 9-month high of $1,179.81/oz in March to around $900.
Nornickel's first-half sales of nickel fell by 6%, palladium by 4% and platinum by 18%.
The world’s biggest miner of the precious metal is rerouting shipments as many of its usual customers shun its goods following the invasion of Ukraine.