2231 GMT - Macro tailwinds are supportive for Chalice Mining, which is charting a viable path to production at its Gonneville deposit in Western Australia, says Morgans. It notes the European Union is moving to soften its 2035 ban on new internal combustion engine cars. That would be supportive for hybrid vehicles and palladium demand. It's happening at a time when the small palladium market is tightening. Chalice recently released a pre-feasibility study into Gonneville. It outlined a 23-year, two-stage open pit development with production starting in early 2030. "The strategic value of the asset combined with a growing corporate appeal positions Gonneville well for eventual production," analyst Ross Bennett says. Morgans has a speculative buy call on Chalice. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 07, 2026 17:31 ET (22:31 GMT)
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