USGS: Sources Of PGMs From South Africa, Russia Likely To Change
-http://www.kitco.com/reports/KitcoNews2 ... _USGS.html
Wilburn noted in 1995, 6% of the palladium reserve, 4% of the platinum reserve and 4% of the rhodium reserve
came from the Eastern Bushveld.
By 2015, it’s estimated that 29% of the rhodium reserve, 27% of the palladium reserve, and 25% of the platinum reserve for mines producing PGMs in South Africa will be sourced from this region.
"Although a typical PGM deposit in South Africa contains more platinum than palladium, as the amount of mining in the Eastern Bushveld increases, the proportional amount of palladium that is recoverable from South African deposits will "LIKELY" increase. As the amount of mining from the (Upper Group) seam deposits increases, the overall rhodium content of PGMs from South African deposits is "LIKELY" to increase," Wilburn said.
This story looks bullish (for both Pd and Rh) to me...