The world’s top nickel and palladium producer, Russia’s Norilsk Nickel reported that its output of palladium in the first quarter of this year dipped 1.2 percent to 590,000 ounces. For full story, click here
Palladium fabrication is expected to surge on increased output of carat jewellery that will offset further weakness in the white gold sector with largest gains expected in key market of China. For full story, click here
Cadiscor Resources Inc. announced that the Superior Court of Quebec has approved Cadiscor’s petition to hold its Special Meeting on May 22, 2009 to consider a plan of arrangement between Cadiscor Resources Inc. and North American Palladium Ltd. For full story, click here
Stillwater Mining Company declared that it is not for the faint at heart, cautions growth stock expert Brandon Clay, noting the stock’s volatility. For full story, click here
June palladium PAM9 closed down $6.75, or 2.9 percent, at $228.95 an ounce. For full story, click here
Canadian Royalties Inc. declared additional results from the Endah showing at Kehoe, located approximately 10 kilometres west-southwest of the Expo complex. For full story, click here
As for palladium, GFMS has expectations that moderate prices should in a limited way and have similar effects in jewellery and retail investment, although with considerably less dynamism in these areas , palladium is unlikely to benefit by nearly as much. For full story, click here
June palladium PAM9 dipped $1.75 to $231.80 an ounce in sympathy with platinum’s decline. For full story, click here
Nortec Ventures Corp. declared the closing of the Non-Brokered Private Placement announced in March 27, 2009 and April 1, 2009. For full story, click here
The platinum and palladium markets have found their own stimulus plan in the form of the potential launch of the first U.S. exchange-traded funds physically backed by the precious metals. For full story, click here
Thursday, April 30, 2009