Palladium prices could crash to $125/oz -JM
Bleak economic prospects and a stronger dollar could over the next six months send prices of precious metal palladium to near 12-year lows $125 an ounce, an industry report said. For full story, click here
Archive for November, 2008
Collapsing Auto Sales Hit Mining
If Detroit doesn’t build cars, then there is little market for catalytic converters. And if there is a falling market for those pollution-control devices, there is a falling market for palladium that go into the converters. For full story, click here
Despite Stillwater cutbacks, McAllister says PGMs have a healthy future
Stillwater Mining CEO Frank McAllister believes that long-term demand for PGMs should be robust, as the current low metals prices cause production to dwindle. For full story, click here
Probe Mines Corporate and Exploration Updates
The Directors of Probe Mines Limited updates shareholders on the Company’s recent corporate and exploration developments. For full story, click here
Poor economy downplays fundamentally stable Palladium
Palladium is just another metal that is having a bad year, and according to an industry report things will not be looking up anytime soon. The outlook for palladium in certain applications is positive, however deteriorating economic conditions around the globe continue to impact price.
Landore secures mining rights
Landore Resources have been successful in securing three leases for the purpose of conducting mining operations covering the sites of the VW Nickel deposit and the B4-7 polymetallic deposit. For full story, click here
Palladium surplus falls to 320,000 oz
Surplus in the palladium market is set to fall to 320,000 oz in 2008, according to new research. For full story, click here
Stillwater Mining reviews operations
The chairman of the Stillwater Mining Co. said company officials are reviewing operations as prices for palladium plummet and Detroit automakers struggle. For full story, click here
Palladium for December delivery rises
Palladium for December delivery climbed up $1.05, or 0.5 percent, to $217.70 an ounce. For full story, click here
Palladium Prices up in N.Y. as Global Equities rise
Prices of Palladium surged the most in 8 months in New York as equities rallied worldwide, helping to boost demand for precious metals. For full story, click here
