Sibanye to slash output to turn around US palladium mines
The miner recognized a $407 million impairment on the US operations due to a lower palladium price forecast.
Seeking Alpha reports on why and how to invest in palladium.
The market news is quoted as saying,
By some estimates, one in four products either contains a platinum group metal or uses one in the manufacturing process. Palladium, like platinum, is used widely in the manufacture of catalytic converters, creating a link between the price of the metal and the health of the global auto industry. As such, palladium as an investment vehicle has characteristics of both industrial metals such as copper and precious metals such as gold. There are a number of different options for investing in palladium, including exchange-traded futures contracts, stocks of companies engaged in the extraction and sale of the metal and exchange-traded products