Palladium Investing News

US Palladium Bar Price Up 4.6 Percent This Week

Charlotte McLeod — Fri, 17 May 2013 17:14:43 +0000

MetalMiner reported that the US palladium bar price increased by 4.6 percent this week, the third week in a row that the price of the metal has risen.

Colossus’ Serra Pelada Mine Set to Begin Production in Q3 2013

Charlotte McLeod — Thu, 16 May 2013 16:53:34 +0000

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.

Chinese Palladium Bar Prices Down 5.7 Percent

Charlotte McLeod — Thu, 16 May 2013 16:46:19 +0000

MetalMiner reported that yesterday, Chinese palladium bar prices fell by 5.7 percent, while prices for US palladium bars went up by 1.7 percent.

Norilsk Nickel Forecasts 2013 Palladium Deficit of 1 Million Ounces

Charlotte McLeod — Mon, 13 May 2013 17:01:20 +0000

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.

Can Auto Stocks Show Where the PALL ETF Will Go Next?

Charlotte McLeod — Fri, 10 May 2013 18:28:33 +0000

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.

North American Palladium Downgraded by Raymond James, HSBC

Charlotte McLeod — Tue, 07 May 2013 16:59:47 +0000

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."

Palladium Likely to Remain in Deficit Next Year, GFMS Says

Charlotte McLeod — Tue, 07 May 2013 11:15:23 +0000

Thomson Reuters GFMS' recently released Platinum & Palladium Survey 2013 reveals that palladium recorded its highest deficit in 11 years in 2012 and is likely to remain in deficit this year.

Palladium Supply Falls 4 Percent in 2012 as Demand Grows by 5 Percent

Charlotte McLeod — Fri, 03 May 2013 18:12:05 +0000

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.

Stillwater Provides Q1 Earnings Report

Roz Visarra — Mon, 29 Apr 2013 22:12:36 +0000

Stillwater Mining Company (TSX:SWC.U, NYSE:SWC) announced its first quarter income attributable to common stockholders, which amounts to $14.6 million, or approximately $0.12 per share.

Noront Resources Issues Interest Shares

Roz Visarra — Thu, 25 Apr 2013 10:03:32 +0000

Noront Resources Ltd (TSXV:NOT) announced that pursuant to a loan agreement between the company and Resource Capital Funds V L.P., it has paid interest for the first quarter of 2013 through the issuance of 474,941 common shares at a price of $0.2942/interest share to RCF.