South African Palladium Mine contains 26 million ounces of palladium ?

Discussion in 'Forex' started by goldsilverratio, Apr 7, 2020.

  1. Platreef contains an estimated 26 million ounces of palladium...( March 8, 2020 )
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    The mineralized orebody has grades of platinum, palladium and gold ?
    As well as 1.8 million ounces of rhodium and quantities of nickel and copper ?
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    https://www.ivanhoemines.com/news/2...truction-progress-and-exploration-activities/
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    Occasionally deposits are so big and important, we can apply the term game changer ?
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    The Size of the Deposit covers an area equivalent to lower Manhattan ?
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    https://www.geologyforinvestors.com/ivanhoe-mines-platreef-project-game-changer-south-africa/
     
  2. South African PGM mines at present account for 38% of the global palladium supply at 2.65 million ounces of palladium ?
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    South African PGM mines are the largest supplier of platinum, with three-quarters of the market ?
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    According to Johnson Matthey's February report, total gross demand for palladium in 2019 stood at 11.5 million oz, including autocatalysis demand at 9.67 million oz,, while recycling came in at 3.4 million oz, leaving total net demand at around 8.09 million ounces ?