Hot Web, Inc. announced today that it has entered into a Definitive Joint Venture Agreement with Western Sierra Mining Corp. on several mining properties owned or controlled by WSRA. For full story, click here
Vast demand destruction could actually make the prices skyrocket at some point. For full story, click here
Norilsk Nickel says nickel, platinum and palladium output to fall from previously planned levels. For full story, click here
The real palladium price (in 2007 dollars) is expected to average $394/oz during the forecast period from 2008 till 2017. This is an increase of approximately 36 per cent over the average real price between 1976 and 2007. For full story, click here
In the first six months of ’09, palladium’s value could range from $125 to $300 per ounce. The outlook for palladium is positive in some of its applications, however, a worsening economic climate and the possibility of a stronger US dollar could send palladium to as low as $125/oz during the next six months.
The company announced the resignation of Todd D. Schafer as a Director of the Company and the election of Michael Schiavone to the Company’s Board of Directors, effective January 26, 2009. For full story, click here
Platinum and palladium prices fell, with the spate of poor economic data from the United States and Europe pressuring all industrial metals. For full story, click here
Palladium traded at $188.50 an ounce, down 0.8 percent from its previous close of $190. For full story, click here
Stillwater closed of its two Montana platinum/palladium mines in November. For full story, click here
North American Palladium Ltd. announced today the result of an NI 43-101 resource estimate for the Company’s Offset High Grade Zone prepared by Scott Wilson RPA that upgraded the indicated resource from 3.2 million tonnes to 12.3 million tonnes, an increase of 280% . For full story, click here
Friday, January 30, 2009