Rather than investing in mines, A-Mark Precious Metals is a precious metal trading company. Sales were also down recently due to a variety of external factors such as power cuts and safety stoppages.Įven with cash flow in the red, this palladium stock is still rewarding investors with an impressive dividend yield. That said, revenue was slightly down, -12% year-over-year (YOY) for Q2 2022. The company has several mining operations in South Africa, Canada and Zimbabwe.Īfter buying out North American Palladium in 2019, the company greatly increased its production ability. Impala is another leading mining company with headquarters in South Africa. Not only that, but the company offers an attractive 9% dividend yield. In the first half of 2021, Anglo reached a record EBITDA of over R108 billion. In fact, the mining company has three segments: Platinum Group Metals, Base Metals and Precious Metals.ĭespite several obstacles causing mine closures, this palladium stocks company is achieving record growth.
As a result, the company is also one of the largest palladium producers. Headquartered in South Africa, Anglo American Platinum is the largest global producer of platinum. That said, here are the top five palladium stocks set to benefit from higher prices. Also being used in fuel cells powering cars and buses.Īs governments and the private sector work together to promote less pollution, palladium is becoming a key material. It turns toxic gases into CO2 and water vapor. The precious metal is mostly used to make catalytic converters. And with higher industry use, demand could push palladium prices back up in the future. With this in mind, commodity prices are heavily influenced by supply and demand. That said, if you started investing after 2020, you might want to buckle up. Previous strengths like growth stocks and tech look weak, with bond yields rising. Investing in 2022 has been a challenge so far. As a result, the imbalance helps boost margins, leading to higher profits. Unlike Gold and Silver, most of the world’s palladium comes from mining another mineral. This could help to explain slipping prices. Supply chains remain under pressure after closing several mines due to the pandemic. They’re currently above $2,000, a significant drop from the May 2021 high. And when this happens, the most significant moves often happen in energy stocks and commodities like precious metals.Īfter reaching an all-time high price of over $3,000/oz in May 2021, Palladium prices have slipped along with overall market weakness. With inflation heating up, investors are looking to unload risk.
In fact, commodity stocks are one of the few sectors with momentum right now. So far this year, the top palladium stocks are performing well, with commodity prices soaring. You can always find an industry trending for one reason or another.
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