Rockland Minerals Corp. (TSXV:RL) announced that it has staked 140 new mining claims that cover 15,000 hectares and adjoin the southeast part of its Quebec-based Blue Lake platinum-palladium-copper-nickel property.
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Absa Capital’s platinum exchange-traded fund has achieved much success since its launch earlier this year. Now, the firm is making plans to launch a palladium equivalent by the end of 2013.
Palladium fell into a slump midway through August, but most analysts agree that it is still set to perform well this year.
Palladium continues to thrive as other precious metals struggle to make up the losses they have incurred since mid-April.
Palladium is doing better than analysts predicted at the start of 2013.
Zimbabwe Platinum Mines (ASX:ZIM) said it will have to borrow more money than originally planned due to depressed metal prises that have put pressure on cash flows.
Bloomberg reported if Zimbabwe withdraws Zimplats (ASX:ZIM,PINK:ZMPLF) mining license it will prevent a global surplus of platinum and palladium.
IBTimes reports that palladium continues to move up regardless of gold’s dive down today.
Business Insider reports that Rick Rule says volatility in the market can be used to make money in the gold and platinum markets.
Mineweb reports that Bart Melek, head of commodity strategy for TD Securities, expects platinum to move into deficit by 2013, with palladium deficits to deepen over the next three years.