Pan African Mining Corp. (TSX-V: PAF) has announced that its Phoenix project has an increased resource of 15.8 percent for its palladium, platinum, rhodium and gold. CEO Jan Nelson is quoted saying: “The increase in the total resources, assuming a 50% recovery, extends the life of the Phoenix project from 13 years to approximately 16 [...]
Continue reading "Pan African Increases 15.8% Resource at Phoenix"
Friday, May 21, 2010
North American Palladium (NAP), a precious-metals producer, is doing a scoping study to develop the new Offset zone at its Lac des Iles (LDI) Palladium mine in northern Ontario and expects completion by Q3 of this year. CEO William Biggar is quoted saying: “This will make NAP a very low cost producer of palladium.” Click [...]
Continue reading "North American Palladium Completes LDI Scoping by Q3"
Wednesday, March 4, 2009
This week, palladium finally began to follow gold and lose some of its safe haven appeal. After holding steady and resisting gold’s sell-off, platinum and palladium have finally succumbed, dropping rapidly in this morning as poor auto industry numbers rolled in.
Continue reading "Palladium companies report stark ’08 figures"
Tuesday, February 10, 2009
Exchange Traded Funds that deal in the precious metals have been seeing an increase in business, lately. ETF Securities said on Monday the amount of metal it holds to back its Physical Palladium exchange-traded commodity PHPD.L rose 12,628 ounces or 8 percent in the week to Feb. 6.
Continue reading "Palladium ETF securities soar"
Tuesday, January 13, 2009
On January 5 palladium tumbled nearly 6 percent as the strong dollar knocked down all the precious metals. The metal hit a daily low of $178.50 an ounce, but was quoted at $180.00. On January 12 the metal picked up some steam, and rebounded to $191 per ounce.
Continue reading "Palladium chosen as safety against inflation"
Tuesday, December 16, 2008
Spot palladium rebounded on Monday, up more than 5 per cent from New York’s notional close of $168.00. Palladium hit $176.50 per ounce as technical buying emerged after demand worries stemming from an ambiguous auto industry vote hit platinum group metals on Friday.
Continue reading "Palladium in limbo over auto bailout"
Tuesday, November 18, 2008
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.
Continue reading "Poor economy downplays fundamentally stable Palladium"
Tuesday, November 4, 2008
Palladium finally got some upside last Wednesday, when it rose 5 percent on the sentiment that the recent price slip in the metal was overdone. Prices for palladium have fallen 56 percent in the third quarter, dropped 34 percent last month alone.
Continue reading "Who will be better for palladium prices? Barack or John?"
Tuesday, October 21, 2008
Palladium prices rallied on Monday, as the weaker dollar encouraged a recovery in the commodities prices after heavy losses last week. Bargain hunting after last weeks lowest price point was hit drove spot palladium to an intraday high of $197 an ounce, more than a five percent rally.
Continue reading "Dollar rallies palladium, but auto industry woes set the tone"
Tuesday, October 7, 2008
Palladium and other precious metals commonly used in industrial applications, such as platinum and silver, showed small improvements today, although the strength of the US dollar has been affecting their market values in the recent past.
Continue reading "Palladium spot prices rise on NYMEX"
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Friday, May 21, 2010