Cal
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JUST IN: Nearly half of the U.S. data centers planned for 2026 are reportedly expected to be delayed or canceled.
@stefanvanderlux Release the new tenant contract.
The PGM market is often reduced to a simple palladium-versus-platinum trade, but that misses how the system functions. In practice, the PGM complex behaves less like a clean substitution cycle and more like a tightly coupled system with delays, constraints, and persistent volatility. While higher palladium prices have pushed automakers to substitute toward platinum, that shift is gradual, technically constrained, and only partial. At the same time, demand has remained more resilient than expected because internal combustion and hybrid vehicles still dominate, keeping both metals relevant. On the supply side, production is concentrated, often co-produced, and slow to respond, while recycling adds another layer of lag. The result is that platinum can remain in deficit even as palladium moves toward balance, with both markets influenced by the same pressures. Russia and South Africa together account for 75-80% of global palladium production. Russia alone holds a significant percentage, sitting roughly over half between 40-45%. The case is similar for platinum: Around 70% of global supply comes from South Africa, Russia 10-15%. The United States' top palladium suppliers are Russia and South Africa. China is Russia's second biggest buyer after the United States. And according to Energy News, Russian palladium exports to the U.S. grew by 42% on an annual basis to reach more than 500,000 ounces between January and May 2025. The United States’ platinum supply is heavily import-dependent as well. South Africa is by far the largest supplier, accounting for the majority of U.S. platinum imports, while Russia remains a significant secondary source despite geopolitical tensions. In 2025, the U.S. imported over $10 billion worth of platinum, with South Africa contributing more than half and Russia among the top suppliers. Domestic production is minimal, leaving the U.S. reliant on foreign sources for roughly 80% or more of its platinum consumption. As a result, U.S. platinum supply is structurally exposed to disruptions in South African mining and Russian exports, making it a tightly concentrated and geopolitically sensitive supply chain. Palladium prices rose in 2025 (≈31% YTD), recovering 80-95% from ~US$870/oz in April 2025 to ~US1,800/oz by February 2026. That same month, The U.S. Department of Commerce approved a 132.83% tariff on Russian palladium imports. Platinum remained in a sustained structural deficit, estimated at ~415,000 oz in 2025 and projected to widen to ~480,000 oz in 2026, according to Metals Focus. Tight supply and resilient demand pushed prices to 12-year highs, reaching around $2,175/oz in February 2026. Both palladium and platinum experience the same supply concentration problem and were added to the U.S governments Critical Minerals list in January of 2026. By February 2026 Project Vault, a US$12 Billion Strategic Critical Minerals Reserve, was established by executive order signaling urgent reserve creation. People expected EVs to reduce demand for these metals much faster than what’s actually happened. Instead, the shift has taken longer. Gas and hybrid cars are staying on the road for years, and new ones are still being produced, which keeps demand for both palladium and platinum higher than earlier forecasts assumed. This isn’t just about one metal replacing the other, both are still tied to the same slow-moving transition in the auto industry and supply dependence. This is a reason why Greenland has been in the international news. Its strategic location between North America, Europe, and the Arctic makes it important for military monitoring, NATO defense, and emerging Arctic shipping routes. It also contains significant deposits of critical minerals and metals, which Western governments want to secure as they reduce dependence on Russia and China for strategic resources. Greenland Mines Ltd sits on ~17.1M oz of Indicated and Inferred palladium on the iconic Skaergaard Project in Southeast Greenland. It was first discovered by L.R. Wagner and has since been studied by Cambridge, Caltech, the University of Oregon, and the Geological Survey of Denmark and Greenland. Making up ~68% of our total resource value, this equates to roughly 13-15 years of total current US palladium consumption from a single deposit under a Tier 1 jurisdiction. The project also carries ~6.8 Moz of gold and 1.4 Moz of platinum (Indicated and Inferred). The total resource is an estimated 364 million tonne grading 2.17 g/t PdEq, confirmed by 2022 NI 43-101 Technical Reports by SLR Consulting based on ~45,000 metres of diamond drilling. The total in-situ value of approximately US$68 billion as of February 2026 metal prices. The current deposits are open in all lateral and depth directions, and the new drilling program targets ~50 million contained ounces. The supply concentration problem in palladium and platinum for Western economies exists, and our answer is already in the ground on the iconic Skaergaard deposit in Greenland. Visit greenlandmines.com to learn more about the Skaergaard Project. Greenland Mines Ltd is a division of Klotho Neurosciences, Inc. (NASDAQ: GRML): ir.klothoneuro.com ♻ Repost to help share the discussion. ➕ Follow Greenland Mines Ltd for more insights on Critical Minerals. #Greenland #CriticalMinerals #PreciousMinerals #Palladium #Platinum #PGMs #Mining
Greenland Mines lays out a 2026 program covering drilling, bulk sampling, and geotechnical work. greenlandenergy.com/skaergaard-pro… #GreenlandEnergy #Skaergaard
Bullish for Greenland Mines $GRML - sub $40m market cap with $60billion worth of untapped gold and critical minerals. Already de-risked with MREs. $.40c to $5 soon? 🧨 $ccj $smr $tsla $nvda $mstr $gold $iren $goog $eth $btc $oklo $urnm $uroy $nke $meta $aapl $amzn $aapl $spy $u
Bullish for Greenland Mines $GRML - sub $40m market cap with $60billion worth of untapped gold and critical minerals. Already de-risked with MREs. $.40c to $5 soon? 🧨 $ccj $smr $tsla $nvda $mstr $gold $iren $goog $eth $btc $oklo $urnm $uroy $nke $meta $aapl $amzn $aapl $spy $u