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Magna Mining to Initiate a Pre-Feasibility Study on the Crean Hill Nickel-Copper-Precious Metals Project in Sudbury, Ontario
Globenewswire· 2025-12-16 11:45
Core Viewpoint - Magna Mining Inc. has engaged Technica Mining Inc. to conduct a pre-feasibility study on its 100% owned Crean Hill Project, which is expected to enhance the project's economic assessment and support the company's vision of becoming a multi-mine producer in the Sudbury Basin [1][2]. Project Overview - The Crean Hill Project is located in Sudbury, Ontario, Canada, and has shown a promising combination of base and precious metals [1][2]. - The pre-feasibility study (PFS) will build on the Preliminary Economic Assessment (PEA) completed in 2024, which indicated a potential mine life of 13 years and modest pre-production capital costs [2][6]. Financial Highlights - The 2024 PEA highlighted a low pre-production capital cost of CAD 27.7 million, with projected Advanced Exploration (AdEx) capital costs of CAD 48.5 million and revenues of CAD 16.4 million [6]. - The after-tax Net Present Value (NPV) at an 8% discount rate is CAD 194.1 million, with an Internal Rate of Return (IRR) of 129% based on conservative metal prices [6]. Mining Operations - The PEA envisions an underground mining operation with an average production rate of 2,200 tonnes per day and an average Life of Mine (LOM) operating cost of CAD 158 per tonne [6]. - The project is expected to yield 195.5 million pounds of nickel, 169.5 million pounds of copper, 313,000 ounces of platinum, 359,000 ounces of palladium, and 117,000 ounces of gold over its lifespan [6]. Resource Estimates - The Crean Hill Mineral Resource Inventory, effective April 15, 2024, includes significant contact nickel-copper zones and lesser amounts of footwall copper-nickel-precious metals [5][8]. - The indicated resource is 18,444,000 tonnes with grades of 0.87% Cu and 1.01% Ni, while the inferred resource is 989,000 tonnes with grades of 0.53% Cu and 0.70% Ni [8]. Future Plans - The PFS is set to commence in January 2026 and is expected to be completed by Q3 2026, incorporating results from a 20,000 tonne bulk sample program conducted in late 2024 [2][6]. - Engineering advancements for a connection to grid power and a permanent dewatering system are ongoing, which will benefit the project's economic evaluation [2].
Inside the 2025 Gold Boom: How a NYC Gold Exchange Works | WSJ
- Yeah. Good morning. Just pocket change.Singles. My name is Ben Tseytlin, I'm the owner of Bullion Exchanges. The past, like three months has been extremely busy.Gold has skyrocketed. All the metals are trending higher. You got a grand total of $9,723.59%.I need your ID - - [Customer] Sure - and we'll get you a check issued shortly. - [Customer] Okay. Thank you.- There's a huge influx of people in the 65 plus range, trying to sell their scrap jewelry. They've been sitting on this stuff for a long time. It' ...
Platinum On Edge As A Long-Term Deficit Flips To Surplus
Forbes· 2025-11-28 07:50
Core Viewpoint - The significant price rise of platinum, which has increased by 75% since the beginning of the year, may be coming to an end as a multi-year supply deficit is expected to shift into a modest surplus next year [1] Industry Summary - The World Platinum Investment Council (WPIC) forecasts a transition from a 692,000-ounce shortfall in 2023 to a 20,000-ounce surplus in 2024, indicating a shift in market dynamics that could impact investor sentiment [1][6] - Platinum, along with palladium, has extensive industrial applications, particularly in jewelry and as catalysts in internal combustion engines [3] - The rise in popularity of electric vehicles (EVs) was anticipated to negatively affect the catalyst market; however, consumer adoption of EVs has been slower than expected, with many opting for hybrid vehicles that require more platinum [4][5] Price Dynamics - The price of platinum surged from $932/oz in early January to $1,637/oz, driven largely by investors seeking cheaper alternatives in the precious metals sector [5] - Other precious metals have also seen significant price increases, with silver rising by 77% and palladium by 61% since the start of the year, while gold has increased by 60% [5] - The WPIC noted that after years of deficits, the platinum market is expected to stabilize by 2026, which may put downward pressure on prices as supply increases [6][7] Supply and Demand - The above-ground stockpile of platinum has decreased from 5.5 million ounces in 2022 to an estimated 3.2 million ounces currently, indicating a tightening supply situation [7] - The forecasted deficit of 692,000 ounces in 2023 represents 9% of annual demand, while a supply increase of 4% is expected by 2026 due to processing spent auto catalysts and scrap metal sales [7] Company Focus - Valterra Platinum, a London-listed company spun out of Anglo American, has seen its share price rise by 73% since the beginning of the year, closely tracking the price movements of platinum [9]
X @Bloomberg
Bloomberg· 2025-11-20 12:22
LME will stop running benchmark platinum and palladium auctions from the middle of next year https://t.co/eQ1YcwNTml ...
X @Bloomberg
Bloomberg· 2025-11-13 02:56
Market Insight - Guangzhou Futures Exchange will launch China's first derivatives market for platinum and palladium [1] - The exchange will publish details of platinum and palladium stockpiles [1] Transparency - This offers a rare insight into demand for these precious metals in China [1]
Analysts raise 2026 price forecasts for platinum, palladium after 2025 rally
Yahoo Finance· 2025-10-27 11:12
Core Viewpoint - Analysts have significantly increased their price forecasts for platinum and palladium for 2026, driven by tight mine supply, tariff uncertainties, and a shift in investment demand from gold, with platinum nearing its best yearly performance and palladium achieving its best year since 2017 [1][2]. Price Performance - Spot prices for platinum and palladium have risen approximately 76% and 56% respectively this year, supported by gold's record-breaking rally and outflows to U.S. stocks [2]. - The median forecast for platinum in 2026 is $1,550 per troy ounce, up from $1,272 in a previous poll, with an expected average price of $1,249.50 for 2025 [4]. Supply and Demand Factors - Key factors influencing platinum prices include the potential launch of a futures contract in China, muted jewelry demand, and outflows from platinum-backed exchange-traded funds, which have eased tight spot supply during profit-taking periods [3]. - For palladium, the median forecast for 2026 is $1,262.50 per ounce, an increase from $1,100 in the previous poll and an expected average of $1,106 for 2025 [5]. Tariff Uncertainties - Uncertainty regarding U.S. import tariffs has impacted platinum group metals this year, with clarity expected from an ongoing U.S. investigation into potential new tariffs on critical mineral imports [4]. - Concerns regarding palladium are heightened by discussions in the U.S. about imposing tariffs on imports from Russia, a major producer [5]. Market Dynamics - Palladium prices had previously declined for four consecutive years due to expectations that electric vehicle adoption would reduce demand, although recent trends indicate some pushback in electric vehicle uptake [6].
Palladium Hits $1600
Benjamin Cowen· 2025-10-20 21:50
Hey everyone, and thanks for jumping back into the heavy metalverse. Today we're going to talk about palladium as it just hit $1,600. If you guys like the content, make sure you subscribe to the channel, give the video a thumbs up, and also check out the sale on into the cryptoverse premium at intothecryptoverse.com. Remember, when the crypto markets suck, which does occasionally happen, there's always a bull market somewhere, right. You can always make money somewhere if you're willing to look beyond crypt ...
Bill Gross says gold is now a ‘momentum/meme asset’ — and if you really want to buy it, you should wait awhile
Yahoo Finance· 2025-10-18 16:54
Group 1 - Bill Gross, a prominent bond investor, advises caution regarding gold investments despite its recent surge, while highlighting concerns over budget deficits and a slowing economy [1][3] - Disclosures from Zions Bancorporation and Western Alliance Bancorp regarding problematic borrowers have raised concerns, with JPMorgan CEO Jamie Dimon suggesting that these issues may indicate deeper problems within regional banks [2] - Gross predicts that the current market reaction to regional bank issues is exaggerated, expecting Treasury yields to rise above 4.01% due to significant government debt issuance needed to address budget shortfalls [3][4] Group 2 - Gold prices have increased over 50% this year and have doubled since early 2024, with other precious metals like silver, platinum, and palladium also experiencing substantial gains [5] - Market expert Ed Yardeni suggests that gold could reach $10,000 per ounce by the end of the decade if the current trend continues, although Gross believes that gold's recent performance appears overextended [5][6] - Gross characterizes gold as a momentum asset and recommends waiting before investing, echoing sentiments from Capital Economics regarding the challenges in objectively valuing gold amid rising "FOMO" in the market [6]
Palladium ETF (PALL) Hits New 52-Week High
ZACKS· 2025-10-17 10:00
Core Viewpoint - The Aberdeen Standard Physical Palladium Shares ETF (PALL) has recently reached a new 52-week high, with shares increasing approximately 80.2% from their 52-week low of $82.39 per share, raising questions about potential further gains for the ETF [1]. Group 1: ETF Overview - PALL reflects the performance of palladium prices, minus the Trust's expenses, and is designed for investors seeking a cost-effective way to invest in physical palladium [2]. - The ETF charges an annual fee of 60 basis points and has assets under management (AUM) of $907.8 million [2]. Group 2: Market Influences - Rising tensions in U.S.-China trade relations have contributed to an increase in palladium prices, with many investors viewing the metal as a safe-haven asset [3]. - Expectations of U.S. interest rate cuts and a potential decline in the value of the U.S. dollar are also favorable for palladium [3]. Group 3: Future Outlook - PALL has a Zacks ETF Rank of 3 (Hold) with a high-risk outlook, but it possesses a weighted alpha of 74.94, indicating potential for further gains if the operating environment remains favorable [4].
Palladium: Dubious Speculation
Benjamin Cowen· 2025-10-09 04:37
Hey everyone and thanks for jumping back into the heavy metalverse. Today we're going to talk about palladium dubious speculation. If you guys like the content, make sure you subscribe to the channel, give the video a thumbs up, and also check out the sale on into the cryptoverse premium at into the cryptoverse.com. Let's go ahead and jump in. So, I actually had a few requests for an update.Uh, obviously I don't talk about palladium that frequently, but we did put out a video about a month ago where we noti ...