This Precious Metal Just Hit $20,000 an Ounce
Posted January 25, 2021
Editor s note: This is an updated article we first published back in early December. The metal breaking through $20,000 an ounce is very noteworthy as the number itself serves as an important psychological barrier, shows COVID-19 supply distributions are still affecting prices of vital materials. and hints at potential growth in similar materials going forward.
Supply disruptions stemming from the COVID-19 pandemic have sent prices of this precious metal skyrocketing to
over $20,000 an ounce that s more than 10 times higher than gold right now and 800 times more expensive than silver.
Prices have increased some 400% in the past 12 months alone. And they still could be headed higher from here.
Grid Metals Corp.: Grid Metals Commencing Drill Program at East Bull Lake Palladium Property
Grid Metals Corp. (the
Company ) (TSXV:GRDM) is pleased to confirm that drilling has now commenced at the East Bull Lake Palladium Property (the
Property ) located 80 kilometres west of Sudbury, Ontario. The drilling will continue a program started last year that is focused on the discovery of significant near surface deposits of near palladium-rich magmatic sulfide mineralization. The new drilling will focus on two areas located approximately six kilometres apart along the prospective southern margin of the intrusion. Two drills will be deployed for the majority of the program.
The world’s No. 1 platinum miner said the price of the metal could climb more than 80% over the next four to five years as the global economy recovers and supply dwindles.