Best ASX Palladium Stocks
to buy in february

Check out our Industry Experts’ report and
analysis on the Best Pallladium Stocks right now in ASX

Best ASX Palladium Stocks
to buy in february

Check out our Industry Experts’ report and analysis on the Best Palladium right now in ASX

ASX Palladium Stocks

The platinum group of metals includes the precious and brilliant metal known as palladium. It has several industrial uses, particularly in the automobile industry where it is used to create catalytic converters that reduce hazardous vehicle emissions. Electronics, dental work, jewellery, and hydrogen purification all employ palladium.

One of the most expensive precious metals in the world, palladium is more expensive than both gold and platinum. Due to tremendous demand and constrained supply, the price of palladium rose to an all-time high of more than $3,000 per ounce in May 2021. However, as a result of the worldwide semiconductor shortage having an impact on vehicle manufacturing and palladium demand, prices for the metal have now dropped to around $2,000 per ounce.

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How to Invest in the Expensive Precious Metal

Despite the recent volatility, palladium continues to be a desirable investment choice for anyone looking to diversify their portfolio and take advantage of this metal's long-term growth potential. Future demand for palladium is anticipated to rise as environmental rules tighten and the use of hybrid and electric cars increases. On the other side, the supply of palladium is limited by geopolitical threats, labour disputes, and mining difficulties in the key producing nations.

Purchasing actual palladium bars or coins, which may be kept in a safe or a vault, is one option to invest in the metal. However, this option comes with hefty expenditures for transit, insurance, and storage in addition to the possibility of loss or theft. Purchasing exchange-traded funds (ETFs) or exchange-traded notes (ETNs) that follow the price of palladium is another option to invest in the platinum group metals. A third option to invest in the palladium industry is to purchase top palladium stocks of businesses that are active in the North American palladium sector. However, this strategy may come with excessive fees, tracking inaccuracies, or liquidity problems. These people work as miners, explorers, refiners, recyclers, and palladium product producers. Purchasing palladium stock may provide you exposure to changes in the price of the metal as well as to the performance, future prospects, dividends, and mergers and acquisitions of the firm.

However, there are hazards associated with investing in palladium equities, including market swings, operational difficulties, social and environmental problems, political unrest, and currency exchange rates. Therefore, before purchasing any palladium stocks, investors should do due diligence and study.

Why Investors Are Turning to Palladium?

Palladium is a desirable investment choice for those seeking exposure to the precious metals market due to a number of its benefits. Several of these benefits include:

  • There is a strong demand for palladium and other platinum group metals, but a relatively little supply. A sustained gap that has maintained high prices is the result of a worldwide palladium demand is surpassing supply - by 1.0 million ounces in 2023, according to the World Platinum Investment Council (WPIC).
  • Catalytic converters, used in gas and hybrid automobiles, rely heavily on palladium to decrease hazardous emissions. Palladium demand is predicted to stay high as stronger environmental laws are implemented and auto sales recover from the fall caused by the epidemic.
  • Additionally, palladium is used in promising new technologies. Palladium, for instance, is used in groundwater treatment and hydrogen purification systems, in addition to fuel cells that power automobiles and public transportation vehicles. Future demand for palladium may be influenced by these potential uses.

Our Top 3 ASX Palladium Stocks

Chalice Mining Ltd (ASX: CHN)

Chalice Mining is the best ASX palladium stock to purchase because it owns Australia's first major PGE discovery! As of July 2023, its Julimar discovery has 560Mt @ 1.7g/t palladium equivalent, equating to 16MOZ of 3E (Palladium, platinum and gold combined). It has seen some weak sentiment lately as it has become apparently that it'll need at least $1.6bn to get the project into an operating mine, something that could take up to 6 years. But if it can get this into production, it'll be an ideal project being just an hour away from Perth.

Zimplats (ASX:ZIM)

This is a diversified company with mining operations in Zimbabwe where it is one of that country's largest producers. It made US$1.2bn in 2022 and over 80% of this came from palladium, platinum and rhodium.

Podium Minerals (ASX:POD)

This company is not yet into production but is working to get its Parks Reef project into production. It has a 6Moz combined resource including 2.9Moz of inferred Platinum. It is located in Western Australia and has a Mining License approved, Native Title granted and Environmental Survey complete

Top 3 ASX Banking Stocks to buyOur Top 3 ASX Palladium Stocks

Chalice Mining Ltd (ASX: CHN)

Chalice Mining is the best ASX palladium stock to purchase because it owns Australia's first major PGE discovery! As of July 2023, its Julimar discovery has 560Mt @ 1.7g/t palladium equivalent, equating to 16MOZ of 3E (Palladium, platinum and gold combined). It has seen some weak sentiment lately as it has become apparently that it'll need at least $1.6bn to get the project into an operating mine, something that could take up to 6 years. But if it can get this into production, it'll be an ideal project being just an hour away from Perth.

Zimplats (ASX:ZIM)

This is a diversified company with mining operations in Zimbabwe where it is one of that country's largest producers. It made US$1.2bn in 2022 and over 80% of this came from palladium, platinum and rhodium.

Podium Minerals (ASX:POD)

This company is not yet into production but is working to get its Parks Reef project into production. It has a 6Moz combined resource including 2.9Moz of inferred Platinum. It is located in Western Australia and has a Mining License approved, Native Title granted and Environmental Survey complete

Frequently Asked Questions

Palladium ASX refers to the trading and investment of palladium-related securities on the Australian Securities Exchange (ASX). It allows investors to participate in the performance of palladium as a commodity without physically owning the metal.

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