A Vancouver native, Charlotte recently graduated from Simon Fraser University, where she majored in English and Humanities. During her time there, SFU’s Writing and Communications program caught her attention, and she began working towards a Certificate in Editing. After completing an editorial internship at Vancouver’s Western Living magazine in the fall of 2010, she knew that she wanted to pursue editing further.
Charlotte is excited to have joined the Investing News Network as an editorial assistant, and looks forward to gaining more knowledge about the commodities sector. She plans to complete her certificate in the spring of 2013.
Colossus Minerals Inc. (TSX:CSI,OTCQX:COLUF) provided an update on its Brazil-based, 75-percent owned Serra Pelada gold-platinum-palladium mine, commenting that the mine is on track to begin production of 250 metric tons per day in Q3 2013.
Mining Weekly reported that Norilsk Nickel OAO (MCX:GMKN), the world’s top palladium producer, thinks that in 2013 the palladium deficit will rise 25 percent on the back of falling supplies. That will bring the deficit up to about 1 million troy ounces.
InvestorPlace reported that because palladium tends to trade in tandem with auto stocks, auto stocks can indicate — sometimes weeks ahead of time — what the ETFS Physical Palladium Shares (ARCA:PALL) will do next.
The Globe and Mail reported that Raymond James analyst Alex Terentiew has downgraded North American Palladium Ltd. (TSX:PDL,AMEX:PAL) to “market perform” from “outperform,” while Sam Crittenden, an analyst at RBC Dominion Securities, moved his rating from “sector perform” down to “underperform.”
Bloomberg reported that in a report released Thursday, Thomson Reuters GFMS said that palladium recorded the highest deficit in 11 years in 2012. The deficit was caused by increased demand and less supply as a result of strikes at South African mines.
Bloomberg reported that along with futures for platinum and silver, palladium futures for March delivery fell, declining to $682.70, on news that progress has not been made on talks regarding how to avoid the fiscal cliff in the US.
The Sydney Morning Herald reported that spot palladium prices saw a slight decline of 0.3 percent, hitting US$659.97 per ounce, as Eurozone finance ministers and the International Monetary Fund made their third attempt in three weeks at deciding whether to release emergency aid for Greece.