Colossus Minerals Inc. (TSX:CSI) announced that with effect of October 17, 2011, Ari Sussman, Chairman, President and CEO has elected to take on the position of Executive Chairman, and the Board has named Claudio Mancuso, previously Colossus CFO, as the Company's new President and CEO.
Using palladium instead of platinum in emission systems may save automakers a lot of money initially. But, the shift could aggravate supply problems that are already in the forecast.
Colossus Minerals Inc. (TSE:CSI) reports additional assay results from its surface drilling program at the Serra Pelada gold-platinum-palladium project, the Colossus-COOMIGASP JV, Para State, Brazil.
Last year, palladium prices exceeded expectations, but the metal, has also lost some shine with some investors. However, if predictions are correct and the downfall is temporary, palladium may still be full of opportunity.
Except for a ten-day period from March 14th to the 24th when palladium prices fell off a cliff and then steadily rebuilt, the impact of the Japanese troubles on the price of palladium has been limited.
Platts.com reports that the price of palladium is expected to rise to $840/oz through 2011.
International Business Times.com reports that palladium will continue to be strong through 2011.
Bloomberg.com reports that Palladium price may rise to $1000.
Bloomberg.com reports that Palladium has hit its' highest levels since 2001.
Bloomberg.com reports that both platinum and palladium are expected to rise significantly by 2013, according to the Credit Suisse.
Tuesday, October 11, 2011