FN Media Group Presents USA News Group News Commentary
Los Angeles, CA – October 14, 2019 – USA News Group –Palladium is increasingly being used in vehicle catalytic converters designed to reduce harmful emissions for engines still using petroleum. Its continued demand in the automobile industry, despite efforts to switch to EVs, has been a major factor in the steady increase in its value.
Palladium remains a vital product in the automobile industry, along with cobalt and lithium that are used to make EV batteries. Palladium, in particular, is highly demanded in this industry because it is used to neutralize toxic pollutants by turning them into water vapor and carbon dioxide. Its growing value makes it an attractive pursuit for mining companies including North American Palladium Ltd. (TSX: PDL) (OTCPK: PALDF), Vale S.A. (NYSE: VALE) and Anglo American Platinum (OTCPK: ANGPY)
21C Metals, Inc. (CSE: BULL) (OTCQB: DCNNF) is one of the newer junior miners with keen interest in precious metals such as palladium used in the automotive industry. 21C Metals’ assets include the Tisova cobalt and copper project near the border of Germany and the Czech Republic, and its recently acquired palladium projects in Ontario, Canada. This base gives 21C Metals operations in prolific mining regions of both Europe and North America.
Mechanism of working of Catalytic converters
A large portion of the palladium supplied to the market is used by the automotive industry. Regulatory authorities in different regions across the world have tightened their emissions standards on combustion engine vehicles. Palladium is used in catalytic converters to remove hydrocarbons, carbon monoxide, and other harmful gases from exhaust emission.
A catalytic converter is one of the most expensive parts of a car, costing up to $1,000. The reason they are so costly is that they use expensive metals to promote chemical reactions that remove harmful components from exhaust gases. With time, the catalyst in the converter gets degraded and need to be replaced.
Manufacturers normally spread palladium over a large surface area of the converter for them to be effective. With time the surface area can lessen because metal atoms move and form large particles that reduce surface area. In order to counter sintering, manufacturers will use huge amount of metals so they can convert emissions to standards for the lifespan of the car of up to 15 years. Since the converters can decline in their effectiveness and require replacing, its expected that the demand for palladium will continue to be high.
Growing value of palladium
Platinum has, for a long time, been the most valuable metal that is used in catalytic converters. However, palladium has taken over as the most valuable metal this year with its value going well past platinum. The value of the rare metal was $1,429.05 per ounce at the time of this news. Palladium has performed exceptionally well in the market over the past few years with its current value doubling in price from 2017 to the present.
The growing value of palladium is attributed to an increase in demand as a result of most car manufacturers shunning the use of platinum and preferring to use palladium. Regulations on emissions are helping to drive demand. Vehicles using fossil fuels still dominate the market by a huge margin compared to electric vehicles, and it is not yet clear how the EV will affect demand for gasoline vehicles. For now, the demand is high, and so palladium rules the day.
21C Metals enhancing palladium exploration
21C Metals revealed in mid-July that it launched exploration efforts at the Tisova cobalt and copper project near the German- Czech border. The exploration activities aim to determine the potential of the project to produce an adequate and economic amount of the metals. The company delegated the job of compiling comprehensive geological data to the German firm Beak Consultants.
Prior to launching exploration, 21C Metals announced that it acquired the Agnew Lake Property after talks with its advisors and also after reviewing the geological database of the Ontario government. 21C Metals is continuing its exploration on the property and remains optimistic about its prospects for the palladium project. The company has so far completed about 20km of line cutting in its East Bull project in Canada. Its researchers collected 70 samples to determine palladium mineralization, and the results are anticipated shortly. 21C Metals also plans to carry out prospecting and sampling at East Bull project this month.
Leveraging the market
It is worth noting that despite the automotive industry’s continued adoption of materials such as palladium for use in environmental efforts, the industry desperately is working to shift towards electric vehicles. But with EVs accounting for only about 4% of the entire automotive market worldwide, the demand for petroleum cars will remain a key driver for palladium.
Mining companies and the corresponding supply chains should expect to benefit from increased interest for palladium, as well as cobalt and lithium that are important in the manufacture of EV batteries. Companies at the forefront of supplying both of these industries include;
North American Palladium Ltd. (OTC: PALDF), carries out activities in Thunder Bay Ontario where they are exploring minerals in their Sunday Lake property. Recently the company said that it was expanding its PGM zone at Sunday lake.
Vale S.A. (NYSE: VALE) has a base metal segment that explores and mines non-ferrous metals and its by-products such as silver, gold, cobalt, and palladium among others. The company is actively involved in mining activities in the Sudbury basin in Ontario as well as in Manitoba, where its Thompson produces nickel.
Anglo American Platinum (OTCMKTS: ANGPY) is a South Africa based company, and a world leader in the mining of palladium. It is also the largest producer of platinum, accounting for over 38% of the world’s platinum supply. Anglo American recently announced that it is considering the manufacture of electric car batteries using the platinum group of metals.
For a more on palladium, platinum, cobalt, and the upside for markets supplying these metals, view the report at USA News Group: https://usanewsgroup.com/2019/06/17/this-car-metal-keeps-hitting-new-records/
USA News Group
Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for 21C Metals, Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares of 21C Metals, Inc., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of 21C Metals, Inc. which were purchased as a part of a private placement that was entered into on April 11, 2019. MIQ will not buy or sell shares of 21C Metals, Inc. for a minimum of 72 hours from June 19, 2019, but reserve the right to buy and sell, and will buy and sell shares of 21C Metals, Inc. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
This piece is an advertorial and has been paid for. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this Report should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. We make no guarantee, representation or warranty and accept no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of USA News Group only and are subject to change without notice. USA News Group assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report.
DISCLAIMER: USA News Group is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein. The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.
FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Media Contact Information:
FN Media Group, LLC
Media Contact e-mail:
U.S. Phone: +1(954)345-0611
SOURCE USA News Group