Palladium is experiencing a global supply shortage that threatens to get a lot worse throughout the remainder of 2021. So far this year, palladium has been the world’s #1 best performing precious metal with a gain of 24.90%! Over the last five years, palladium has risen by 395.88%. Palladium has increased 8.17X more than silver, 10.37X more than gold, and 27.90X more than platinum!
Recent flooding at two palladium mines operated by Russia’s Nornickel (the world’s largest palladium producer) could dramatically reduce global palladium supplies for the remainder of 2021. As the global economy begins to reopen, demand for palladium is strong. Unfortunately, there are few new palladium mines ready to come online to increase the supply of palladium.
It is critical to the homeland security of the U.S. and Canada for there to be new palladium mines developed inside of North America thereby reducing our reliance on Russia. Catalytic converter theft is up over 1,000% in many major U.S. cities over the last twelve months, due to the fact that there is a valuable amount of palladium contained in each catalytic converter. In the upcoming weeks, we look for U.S. politicians in Congress to begin making the palladium supply crisis a major national issue that should soon be receiving coverage in the mainstream media.
To capitalize on palladium hitting a new all-time high of nearly $3,000/oz we believe it is important for us to focus on the stocks of North American based palladium exploration pure plays. NIA’s #1 favorite palladium pure play in North America is Canadian Palladium (CSE: BULL).
In recent months, BULL has made multiple high grade palladium intersections at its East Bull Palladium Project in Ontario.
BULL’s drill hole EB-20-40 intercepted 28m of 1.97 g/t palladium equivalent beginning 117m downhole plus an additional 3m of 1.193 g/t palladium equivalent beginning 153m downhole.
BULL’s drill hole EB-20-37 intercepted 12m of 2.966 g/t palladium equivalent beginning 128m downhole.
BULL’s drill hole EB-20-38 intercepted 20m of 1.155 g/t palladium equivalent beginning 65m downhole.
BULL’s drill hole EB-20-35 intercepted 14m of 1.014 g/t palladium equivalent beginning 138m downhole plus an additional 3m of 0.975 g/t palladium equivalent beginning 156m downhole and an additional 9m of 0.966 g/t palladium equivalent beginning 174m downhole.
BULL’s drill hole EB-20-36 intercepted 9m of 1.023 g/t palladium equivalent beginning 164m downhole plus an additional 6m of 0.899 g/t palladium equivalent beginning 188m downhole.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from BULL of USD$50,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
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