- Palladium prices have soared to close to $2,400 per ounce and the main reason for this could be the Russia-Ukraine conflict.
- Russia accounts for almost a third of global palladium supply and I think that sanctions affecting its mining sector could send palladium prices above $3,000 per ounce.
- Sibanye-Stillwater is one of the main beneficiaries of this situation as it mines over 1 Moz of palladium per year.
- I think that 2022 is shaping as a strong year for palladium prices and I view Sibanye-Stillwater as a speculative buy.
For further details see:
Sibanye-Stillwater Is Benefitting From The Russia-Ukraine Conflict And I'm Now Bullish