NYMEX Platinum Futures Rise to $1,418.10 per Ounce
Bloomberg reported that platinum futures for January delivery rose 0.5 percent, to $1,418.10 per ounce, on the New York Mercantile Exchange. Earlier in the day, the price hit $1,405.10. Continue...
View ArticleCar Market Recovery in Western Europe May Raise Platinum Prices
Mineweb reported that a recovery in the Western European car market may push platinum prices up next year, largely due to the fact that European demand accounts for around one-third of global platinum...
View ArticleHSBC Lowers Platinum Price Outlook for 2013 and 2014
The Economic Times reported that HSBC Holdings plc (NYSE:HSBC) has lowered its platinum price forecast to $1,500 per ounce for 2013 and $1,625 per ounce for 2014. That is down from a previous forecast...
View ArticlePlatinum Sinks to One-month Low
The Financial Times reported that platinum prices have sunk to a one-month low, pulled down by gold, which has fallen as a result of "easing political tensions after the deal with Iran" regarding its...
View ArticleSouth Africa, China, Europe to Drive 2014 Platinum Deficit
International Business Times reported that in 2014, platinum supply and demand fundamentals will be primarily driven by South Africa, China and Europe. Circumstances in all three countries are expected...
View ArticlePlatinum and Palladium Outlook: Gains to Come in 2014
Both platinum and palladium are expected to make gains in 2014. Continue reading...
View ArticlePlatinum Futures Rise to 10-week High
Bloomberg reported that yesterday, platinum futures rose to $1,363.80 per ounce, their highest price in 10 weeks, as a result of speculation that a worldwide economic rebound will increase demand for...
View ArticleQuick-witted Investors May Profit from PGMs in 2014
The Economic Times reported that VTB Capital's Andrey Kryuchenkov believes that investors may be able to profit from the platinum-group metals (PGMs) sector next year; however, to do so they will need...
View ArticlePlatinum Rises Slightly, Hitting $1,406.75 per Ounce
Bloomberg reported that platinum rose 0.2 percent, hitting $1,406.75 per ounce, as the South African rand pulled back from a five-year low. Continue reading...
View ArticlePlatinum Demand Rising as Indian Men Buy Jewelry
Lately, Indian men have been favoring platinum jewelry over gold. Continue reading...
View ArticleDeloitte: Expect Unpredictable South African Platinum Market in 2014
Mining Weekly reported that according to Dr. Jacek Guzek, associated director of Deloitte, in 2014, the South African platinum market is likely to remain unpredictable, though it may be less volatile...
View ArticlePlatinum Bonds to Beat Gold Producers’ Debt in 2014
Bloomberg reported that according to Momentum Asset Management (Pty) Ltd., the bonds of South African platinum companies are likely to outperform the debt of gold producers in 2014. That's largely...
View ArticleBarclays: Platinum, Palladium to Outperform Gold and Silver
Mineweb reported that according to Barclays plc (NYSE:BCS), platinum and palladium are likely to outperform both gold and silver in 2014. Continue reading...
View ArticlePlatinum Could Benefit from Eskom’s Electricity Shortage
Kitco News reported that the fact that Eskom Holdings Ltd., South Africa's main utility company, is preparing to operate on "an usually tight reserve margin of 1,000 megawatts" for the next few months...
View ArticleSouth Africa’s AMCU Calls for Strikes at Amplats, Lonmin and Implats
Reuters reported that members of South Africa's Association of Mineworkers and Construction Workers (AMCU) have voted in favor of going on strike at Anglo American Platinum Ltd. (OTCMKTS:AGPPY), Lonmin...
View ArticleFrank Holmes: Platinum and Palladium “Look Extremely Compelling”
Frank Holmes, CEO of US Global Investors, says the growing demand for fuel-efficient cars, along with supply disruptions, will cause platinum-group metals to trade higher in 2014.Continue reading...
View ArticleBarclays: Platinum Stockpiles Limiting Price Action
Explaining why platinum prices have seen little movement even as operations at South Africa's three main producers of the metal are impacted by strikes, Shanghai Metals Market quotes a Barclays plc...
View ArticleNewPlat ETF Sees Largest Outflow in Over Five Years
Mining Weekly reported that last week, the NewPlat ETF, which tracks the rand-denominated platinum price, recorded its largest outflow ever after prices for the metal hit a five-and-a-half-year high....
View ArticleStriking at South African Platinum Mines Will Drive Prices Up — Eventually
Reuters reported yesterday that while thus far striking at major South Africa-based platinum mines has had little effect on prices for the metal, that could change if production is halted for long...
View ArticleSouth African Strikes May Raise Platinum Price
Mineweb reported yesterday that analysts are raising the possibility that strikes at the operations of South Africa's major platinum miners will push prices for the metal up.Continue reading...
View Article