Rare Earth Metals Are Becoming Rarer
Post Date: 02 Jan 2014 Viewed: 388
Palladium is a rare earth metal that is becoming rarer by the day. It is also an essential component in most computers. The demand for computers is growing, and the disposable nature of computers is becoming all the more prevalent in business models.
Palladium is mined primarily from Russia, where roughly 44% of the world's supply is found, and South Africa, which holds 40%. In Russia there is one primary mine, a state-owned rare gems exchange that handles trading and the Russian Central bank that control the extraction and sale of Palladium. Russian reserves peaked in the 1980's. In the 90's production began to show signs of faltering. It is rumored that the once vast supply is all but exhausted. The third largest producer is North America. Only two companies are mining palladium, and there is potential for further development if investors can be secured.