“Palladium prices have been underperforming platinum. While CPM Group is not necessarily bullish on palladium, its underperformance to platinum does not seem justified.
Palladium mine supply has been reduced by Sibanye Stillwater placing its Stillwater West mine on care and maintenance and focusing on quality over quantity (with the aim to improve profitability) at its other U.S.operations, Impala Canada has announced the closure of its Lac Des Illes mine in May 2026, and various South African producers have suggested reducing their focus on palladium rich ore. Palladium is also exposed to the same mine supply disruption risks faced by platinum in South Africa and Russia.”
The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, www.cpmgroup.com
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