2019: Purchase of the Canadian North American Palladium for $1 billion
In October, 2019 the South African company Impala Platinum Holdings stated that it will purchase the North American Palladium Ltd company which is in Canada for 1 billion Canadian dollars.
It will be the first purchase of the mining enterprise by the African company outside the continent.
The prices of palladium doubled since August, 2018. The reason – consumption growth in automotive industry which makes hybrid cars and cars with the petrol engine more and more. Toughening of ecological requirements to cars in China and the Eurozone, growth of the largest automobile markets by 1–3% a year provide increase in demand for metal.
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |