The following is an edited transcript of a portion of a podcast interview with James Gallagher, president and CEO of North American Palladium (TSX: PDL; US-OTC: PALDF). Gallagher discusses the supply and demand fundamentals of the palladium market, and why palladium won’t likely suffer much substitution by platinum in the critical global auto catalyst market.
Gallagher joined North American Palladium in 2013 as chief operating officer to spearhead an operational turnaround of the firm’s Lac des Iles palladium mine in northwestern Ontario, and became president and CEO in August 2015. Before that, he worked more than three decades with Falconbridge and then 8 years with Hatch as global director of mining.
The Northern Miner: Can you describe what’s happened with palladium prices the last couple of years?
James Gallagher: Certainly palladium has been the metal over the last two years. It’s outperformed any of the other major commodities, so it finally has gotten some attention.
A couple of months back it met and then has exceeded the price of gold so that’s really gotten on a lot of people’s radar.
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