IMPUF - Platinum Group Metals Looks In Trouble As Palladium Prices Keep Falling

• The Waterberg PGM project is nowhere near construction and I doubt it will be built due to rapid electric vehicle adoption.
• Palladium has been one of the worst-performing commodities of 2021, with its price dropping by over 20% over the past year.
• I view it as likely that palladium prices will continue to decrease, which will push down the market valuation of Platinum Group Metals.
• What’s even worse for the company is that it had only $6.05 million in cash as of August, which means it needs to tap the equity markets in the near future.

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