Introduction
Among palladium (PALL) producers, my favorite company is Sylvania Platinum (SAPLF). The reason is that it has very low costs and it produces platinum group metals (PGMs) from chrome tailings, which is much less technically challenging compared to deep underground mines. However, in January, I wrote an SA article in which I said it was time to sell as high palladium and rhodium prices were unlikely to last for much more.
Then the situation changed drastically on the supply side as COVID-19 pushed South Africa to order the closure of mining operations