PlatinumPlatinum traded above palladium for most of recent history, then fell behind in 2018 and stayed there. The inversion is now reversing again. Here is why.
PlatinumWhen palladium hit $3,400 an ounce, automakers did what they always do: re-engineer the problem. The substitution story is now reshaping the entire PGM market.
PlatinumNorilsk Nickel produces roughly 40% of global palladium and meaningful platinum as a by-product. Sanctions risk has reshaped how the West thinks about PGM supply.
PlatinumThree companies in one country produce more than half the world's platinum. We map the Bushveld players, their shaft depths, and why load-shedding is now a market risk.
PlatinumPlatinum is roughly 30 times rarer in the Earth's crust than gold, yet trades at a discount. We unpack the geology, the mining math, and why scarcity does not always equal price.
PlatinumSibanye started as a Gold Fields spinout and rebuilt itself into a top-three PGM producer in less than a decade. The portfolio is unique and the leverage is real.
PlatinumPlatinum is the headline name, but five sister metals share its geology and many of its uses. A practical guide to the full PGM family for serious investors.
PalladiumPalladium fell over 70% from its 2021 peak. Looking back, every component of the bull thesis broke at roughly the same time, which is why the decline was so brutal.
PalladiumRussia mines palladium-rich ore. South Africa mines platinum-rich ore. Neither can switch ratios, and that geological accident shapes the entire PGM market.
PalladiumFor two decades, autocatalyst makers swapped platinum for palladium. Since 2020, the trade has run in reverse, and the implications for both metals are huge.