Weak auto sales numbers and the fears of a double-dip recession hindered the price of palladium in early July. However the metal has been rebounding due to better than expected earnings in the US, as well as on the promising news of European bank stress tests.
Continue reading "A Turbulent Month for Palladium"
Wednesday, June 16, 2010
Fears of a slowing recovery and a luke warm auto sales market have hurt the price of palladium over the past month. While sales in the largest markets mainly China and the US have improved year over year, data suggests a weaker outlook than predicted.
Continue reading "Auto Sales Drive Palladium Price"
Tuesday, May 25, 2010
Russia’s Norilsk Nickel (GMKN.MM), world’s largest palladium producer has confirmed that it will not be focusing on palladium production from 2011 to 2015. Deputy CEO Viktor Sprogis is quoted saying: “The company and other main market players conclude on the basis of indirect indicators that the state palladium stocks will not be a decisive factor [...]
Continue reading "Norilsk Nickel Will Not Stock Palladium from 2011-2015"
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"
Thursday, May 20, 2010
Johnson Matthey study estimates that 960,000 ounces of palladium were sold from Russian state stocks during 2009. This is compared with mine supplies of 6.14 million ounces, or 7.77 million ounces of gross palladium demand. The end of the study shows the sales of Russia and its shipments of palladium from Russia to Switzerland from [...]
Monday, April 19, 2010
The price of palladium is soaring to a 25-month high on the back of rebounding automotive sales, ETF trading and concerns over a depletion of Russian stockpiles. The price has doubled in the past year, and some analysts see the trend continuing.
Continue reading "Palladium Price Soaring"
Monday, November 2, 2009
Political wrangling over the General Motor bailout could well be the silver lining for Stillwater Mining Co. Other automakers continue to use palladium, thereby ensuring higher prices.
Continue reading "Politics & Palladium: Showtime!"
Monday, October 12, 2009
With the Federal Reserve promising to keep US interest rates at a record low of near zero for the foreseeable future, analysts expect gold and other precious metals to fetch higher prices in the coming months. Palladium prices have been playing catch-up after plummeting in response to sluggish industrial demand and is expected to be a better show than gold in 2009.
Continue reading "Palladium: A Better Show Than Gold"
Tuesday, August 4, 2009
Palladium prices climbed to an 11 month high of $274.50 an ounce on Tuesday, as dollar weakness and growing investor risk appetite boosted the precious metals complex.
Continue reading "Palladium touches 11-month high"
Sunday, July 19, 2009
North American Palladium declared that it is trading 2.8% higher today on volume of 143,148 shares. The stock has traded within a 52-week range of $0.90 and $4.97. For full story, click here
Continue reading "North American Palladium ended up 35.1%"
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Wednesday, July 28, 2010