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Amplats warns of 2022 earnings drop on smelter delay, higher costs (OTCMKTS:ANGPY)
Platinum could potentially squeeze. More open interest currently for January than inventory available at NYMEX
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Look at GDMN and GDX (ETFs). The individual miners I've added to over the last month are BTG, ORLA, ANGPY (Pt) and one other I can't think of at the moment.
Got any thoughts on palladium/platinum mining equities? Commodity prices for palladium/platinum in the toilet, AISCs in the sector way up, most of them based in South Africa which is a shit show, maximum hatred priced in? Maybe we see a little EV to hybrid switching, oil prices down, some tailwinds? Got a small bag of ANGPY I’m comfortable with but curious to hear thoughts, don’t get much commodity talk here.
Platinum miners, ANGPY & SBSW. Right now, gold is almost 2x the price of platinum & palladium is about 3x the price of platinum, all due to supply/demand issues. However, 2 things can change the picture. First, platinum demand when down when automakers switched to palladium for catalytic converters because platinum was too expensive. But now, palladium is way more expensive than platinum due to that auto parts demand and industry can start switching back to platinum (or at least diversifying) at any time. Secondly, a lot of platinum & palladium mining is in Russia and can shut off at any time. These mining stocks are solid pay great dividends, and plus there's a decent chance they can start to blow up at any time. So they've got a permanent place in my dividend portfolio.
ANGPY. SNSW is having an issue with striking workers this week. Both stocks are technically overvalued right now but would be at a decent value if Russian platinum & palladium are embargoed
$ANGPY - (US listed ADR) Platinum, palladium - industrial uses in catalytic converters and oil catalysis / distillation units - largest non-Russia producer is Anglo-American Platinum Ltd $ANGPY (trades on LSE; $ANGPY is the US-listed ADR)