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Palladium price outlook as Russia looks to limit production

From invezz.com

Jonathan Barratt is the CEO of CelsiusPro Australia, a boutique climate risk InsurTech company. In an interview with CNBC, Mr. Barratt raised the interesting proposition that Russia, being a major producer of Palladium may choose to limit supply, raising global prices and its export revenues in a bid to counter recent G7 actions.He believes that the Kremlin may be prompted to take such measures in retaliation to the G7 tightening the economic noose, particularly vis-à-vis gold and oil exports while initiating a discussion on broader price caps. According to Barratt, in terms of gold exports, with the combined effect o ... (full story)

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  • Category: Fundamental Analysis