Yeah whole lotta everything in the tank right now!
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Yeah whole lotta everything in the tank right now!
Pricing Updated
Pricing Updated
Prices updated. Copper and gold bearing scrap is up. Hopefully the values continue to increase.
Gold prices updated to reflect the increase in the market.
We are no longer purchasing x-ray film as we have lost our buyer. When we find another solid buyer we will start buying it again.
Updated Pricing to reflect the change in copper.
Anybody else notice palladium dipping down little by little over the past couple months? I want to think it will shoot back up again. The $64,000 question then becomes when? Any thoughts?
Major producers, Africa, Canada and Russia, what is happening in two of those country's at the moment.Quote:
Originally Posted by ACCR
Maybe possible the current price is being manipulated, ya think.
Jul 26, 2022 China's palladium imports from Russia rose to a record high in June. The world's biggest miner of the precious metal is rerouting shipments as many of its usual customers shun its goods.
Jun 27, 20231. South Africa Platinum production: 140,000 kilograms Palladium production: 80,000 kilograms South Africa is the world's top platinum-mining country and a major producer of palladium.
I tend to look at the charts.https://www.kitco.com/LFgif/pd1825nys.gif
It looks like Palladium is near a five year low after adjusting for currency inflation.
The question is why ?
1: Maybe Russia is liquidating it's reserves in order offset losses due to economic sanctions and the cost of the war in Ukraine. That would follow what alloy was saying. Increasing supply on the open market would lower prices.
2: Industrial demand for palladium to be used in catalytic converters may be off. The global powers that be are making a pretty hard push for the transition to EV's in order to slow climate change. We're in the early phases of that technology shift ... but they are coming regardless of what any of us think.
As ICE powered vehicles become obsolete ... so won't catalytic converters. There won't be nearly as much demand for palladium 10 - 20 years from now.
Anyhow ... significantly less demand would exert considerable downward pressure in the price per ounce.
Just a few thoughts and impressions. Can't honestly say that i know what i'm talking about.
The role of palladium in a hydrogen economy - ScienceDirect
Palladium is a unique material with a strong affinity to hydrogen owing to both its catalytic and hydrogen absorbing properties. Palladium has the potential to play a major role in virtually every aspect of the envisioned hydrogen economy, including hydrogen purification, storage, detection, and fuel cells.
Given our particular situation here in Maine .... hydrogen fueled ICE vehicles would make sense. Our electrical grid is near capacity and they are adding heat pumps like crazy. Deployment of EV's is only a fraction of what our state government is mandating. Most of are just working folks that don't make a lot. The EV's are out of our price range. The summer people from neighboring states here in NewEngland are driving them though. A few years ago ... EV's were an oddity. I see them every day now.Quote:
Originally Posted by alloy2
Drifting all over the place on this response, but they've already deployed hydrogen powered vehicles in California. That technology is already worked out for everyday use. I had quite a few years in the retail sales of gasoline & diesel industry. One thing that really stood out for me was the amount of global transportation going on just to get that gallon of gas to your local gas station.
It would be a miracle of science if you could produce hydrogen fuel at your corner gas station using electricity from the grid -or- from an attached solar or wind farm. You might even be able to make your own hydrogen fuel in the back yard with a small package plant that would fit in the back of your pickup truck. Way more efficient than the oil industry.
Anyhow ... yeah ... weird sounding futuristic stuff that's already here and on the road. Hard to believe. I wouldn't ... but i'm seeing it everyday now. Hydrogen seems entirely possible.
Instead of gas and diesel vehicles ... it might be electric and hydrogen powered vehicles in the near future.
Funny how things are being manipulated. The dollar is worthless the Canadian dollar even more so precious metals should be thru the roof but the powers that be will manipulate things to avoid a panic. Palladium is more used in industry so demand may be down but I don't understand the EV craze seems like it may be cleaner but I don't think our infrastructure can handle it.
Along highway 45 just before the Sandy Lake turn off, a Hybrid caught fire about five years ago, the insurance company most likely paid the owner for his/her loss. But the fact remains the burnt out Hybrid remains as an abandoned vehicle on a municipal lot.
Who is responsible for its removal, precious owner or the insurance company, this piece of toxic waste should be removed.
https://i.postimg.cc/SNYwf1Ps/1.jpg
https://i.postimg.cc/fyp1hYVD/2.jpg
https://i.postimg.cc/ZK1hkzNp/3.jpg
https://i.postimg.cc/sfHrchDn/4.jpg
The effects of subsidizing a war, printing press going full none stop, excess weakens currency in circulation.Quote:
Originally Posted by mikeinreco
That is my point why are precious metals not higher?
The platinum group metals being liquidated out of Russia through the back door, no longer passing through the London Metals Exchange kinda tipped the apple cart over.Quote:
Originally Posted by mikeinreco
No checks and balances, industry needing palladium bid for the metal on the London Metal Exchange, obviously black market metals are by-passing the exchange but still finding buyers.
Market is being flooded, brings the price down.
The automotive industry is the biggest user of palladium, your guess is as good as mine who the buyers are.
If I had some disposable cash I would purchase palladium.
Message from a sober mind.
https://www.youtube.com/watch?v=p_3LNqPhZRs
Silver is climbing little by little. It's getting close to $25/oz. For all the talk about how silver is going to take off like a rocket, I think copper is going to take off next. I think copper will hit $5.00/lb. before silver hits $30/oz. Thoughts?