Palladium for the last year has been trading substantially higher per ounce than gold. And it is poised to have a significant supply deficit this year and onwards. The supply from mining is tiny at 6 million ounces per year (gold is 110 million ounces per year in comparison) and demand is projected to be over 10 million ounces for this year. And that is ignoring what appears to be a large surge in non-industrial investment demand in recent weeks for both palladium and its "twin sister" platinum. If this non-industrial investment demand continues, supply may dry up in literally weeks.
From a production standpoint, there are very few palladium miners in the world. And there are even fewer junior palladium companies that have large defined deposits. You can literally count them on one hand. From what I can find, these are the best palladium juniors with large defined deposits.
1.SIZE (Canadian Listing) Major Precious Metals Corp. 9 million Palladium ounces plus 5.6 million gold ounces, market cap $46 million
2.NMTLF (OTC) NAM (Canadian Listing) New Age Metals. 4 million Palladium eq. ounces plus rhodium, market cap $15 million
3, GENMF (OTC) GENM (Canadian Listing) Generation Mining Limited. 9.5 million Palladium eq. ounces, market cap $92 million. (GENM has majority stake in deposit)
Let me know if I am missing any other big deposit palladium juniors.
Submitted February 24, 2021 at 01:06PM by Interesting_Pizza320 https://ift.tt/3aRvgNk
