Southern Palladium has taken a significant step forward with its Bengwenyama Platinum-Group Metal project by submitting a Mining Right Application (MRA) to South Africa’s Department of Mineral Resource and Energy (DMRE). Located on the Eastern Limb of the Bushveld Complex, the project is 70% owned by Southern Palladium. This application marks the transition of the company from a pure exploration...
China’s slowing economy is impacting the metal market with prices on a decline. As a major consumer of metals, its economic deceleration prompts traders to look elsewhere, specifically towards oil and select agricultural commodities. Metals Feel the Heat Hedge funds, eyeing the broader picture, anticipate a deeper slump in metals, ranging from platinum and aluminum to silver and copper. This...
China’s Influence on Metal Trading: The economic slowdown in China, a major metal consumer, is causing concern in global metal markets. This has led to declining prices and traders looking for alternative investment avenues. Impact on Metal Prices: Metals like copper, aluminum, and zinc have decreased in value, with nickel experiencing a notable 38% decline. With China consuming a significant...
Regenx Tech (CSE: RGX) (OTCQB: RGXTF), known for its precious metals recovery technologies, has commenced commercial production at its plant in Greenville, Tennessee. From Commissioning to Production: Following the successful installation of an expanded gas line and the necessary permit approvals, the company has transitioned from its commissioning phase to initiate commercial production operations. This move is expected to accelerate...
Check out the exclusive interview with Sergey Saltykov, doctor of chemical sciences, catalyst lead, department for technological innovations, Nornickel, on Palladium: You may also be interested in more Palladium news!
Southern Palladium, a dual-listed platinum group metal (PGM) company, has reported a significant 34% increase in total Mineral Resources at its Bengwenyama Platinum Group Metal project in South Africa. The project is situated on the Eastern Limb of the renowned Bushveld Complex. The company’s recent update to investors revealed that the total Mineral Resource, including both indicated and inferred resources,...
Collaboration between Lion Battery Technologies, affiliated with Florida International University, and the Battery Innovation Center in Newberry, Indiana, is fueling hopes for the commercialization of batteries enhanced with platinum and palladium. The aim is to drive the next generation of battery chemistries into the market, with plans to create prototypes for potential commercialization by next year. Lion Battery Technologies is...
The platinum deficit in the global market could reach a record high of almost 1 million troy ounces in 2023, the World Platinum Investment Council said. Translated into metric terms, it would total 28.3 tonnes, while annual global production of platinum is estimated at 190 tonnes. The World Platinum Investment Council attributes this unprecedented platinum shortfall to a surge in...
Galileo Mining has achieved further exploration success at its 100%-owned Norseman Project with the discovery of a new zone of platinum group element (PGE) enrichment. The company conducted reverse circulation (RC) drilling 600 meters north of the Callisto palladium-nickel discovery and intersected a 184-meter PGE anomalous zone starting from the surface. The zone was found to have a grade of...
A whole new generation of superconductors, so needed in many high-tech industries, will be based on palladium compounds, scientists believe, and this may be beneficial for Russia, which boasts the world’s reserves of this rare and expensive metal, as well as almost half of its production. Zero resistance In 1911, Dutch physicist Heike Kamerlingh Onnes discovered that the electrical resistance...
