MEETING DEMANDS FOR A CLEANER WORLD P alladium Mark et 28 P rice has incr eased 500 since 2016 500 t o 2500 per o z Annual demand is 11M o z 68M o z mined worldwide in 2018 32M o z r ecover ed fr om r ecycling 115M o z decit for ecast ed for 2019 t o 2022 80 of pr oduction is fr om higher risk jurisdictions Russia and South Africa 90 of pr oduction is a bypr oduct of Pt 41 and Ni 49 mining Demand fr om the aut omotive sect or has been gr owing as a r esult of tight ening emissions legislation most notably in China and Eur ope