Part of the reason platinum has fallen so far is due to the rising use of palladium, a similar metal, in catalytic converters. Russia is the second-largest producer of platinum, and with sanctions and trade wars, this important source of the metal could also be at risk. New mines typically take at least a decade to get up and running, so this lack of new projects over the past 15 years could benefit prices in the years to come.
Author: Adam Sharp
Published at: 2025-05-07 22:00:20
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