PalladiumFrom $3,000 to $900: An Autopsy of the Palladium Crash
Palladium fell over 70% from its 2021 peak. Looking back, every component of the bull thesis broke at roughly the same time, which is why the decline was so brutal.
May 9, 2026
Tag: #Pgm
Palladium
PalladiumTwo Continents, One Basket: The PGM Supply Mix Explained
Russia mines palladium-rich ore. South Africa mines platinum-rich ore. Neither can switch ratios, and that geological accident shapes the entire PGM market.
May 9, 2026
PalladiumThe Quiet Substitution: How Platinum Is Eating Palladium's Lunch
For two decades, autocatalyst makers swapped platinum for palladium. Since 2020, the trade has run in reverse, and the implications for both metals are huge.
May 9, 2026
PalladiumNorilsk Nickel and the Geography of Palladium Risk
A single Siberian mining complex produces close to 40% of the world's palladium. Understanding Norilsk Nickel is non-negotiable for any palladium investor.
May 9, 2026
PalladiumWhen Palladium Outshone Gold: The 2019 Price Inversion Explained
For the first time since 2002, palladium traded above gold in late 2018 and spent most of 2019 as the most expensive of the four major precious metals.
May 9, 2026
PlatinumPlatinum vs Palladium Price Inversion 2018-2024: Anatomy of a Six-Year Reversal
Platinum traded above palladium for most of recent history, then fell behind in 2018 and stayed there. The inversion is now reversing again. Here is why.
May 9, 2026
PlatinumRussian Platinum Exposure: Norilsk Nickel and the Sanctions Question
Norilsk Nickel produces roughly 40% of global palladium and meaningful platinum as a by-product. Sanctions risk has reshaped how the West thinks about PGM supply.
May 9, 2026
PlatinumSibanye-Stillwater Portfolio Deep Dive: From Gold Spinoff to PGM Powerhouse
Sibanye started as a Gold Fields spinout and rebuilt itself into a top-three PGM producer in less than a decade. The portfolio is unique and the leverage is real.
May 9, 2026
PlatinumPlatinum Group Metals Overview: Pt, Pd, Rh, Ir, Ru, Os Explained
Platinum is the headline name, but five sister metals share its geology and many of its uses. A practical guide to the full PGM family for serious investors.
May 9, 2026
PlatinumPlatinum-Palladium Substitution Dynamics: How Engineers Rewrote PGM Demand
When palladium hit $3,400 an ounce, automakers did what they always do: re-engineer the problem. The substitution story is now reshaping the entire PGM market.
May 9, 2026