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"
Thursday, June 24, 2010
Colossus Minerals reports results of further diamond drilling on the Serra Pelada gold-platinum-palladium project, Brazil. Four geotechnical diamond drill holes in Colossus’ Phase II drilling program, were cored for a total of 1,203 metres. SPGT-003 and SPGT-004 were focused on the Central Mineralised Zone (“CMZ”), which overprints metasediments occupying the hinge and inner limbs of a northwest-facing, [...]
Continue reading "Colossus Minerals Discovers Two New Mineralised Zones"
Wednesday, May 12, 2010
North American Palladium Ltd (PDL.TO), a Canadian precious metals company, has reported its Q1 net loss of C$14,6-million ($14,27 million). This is converted to 11 Canadian cents per share. 2009′s operating expenses of the company was only at C$738,000 but rose to C$18.2 million for the first quarter of 2010 due to production costs from [...]
Continue reading "North American Palladium Expenses Went High in q1 2010"
Tuesday, May 11, 2010
North American Palladium Ltd. has released its Q1 2010 financial results and deemed it very successful. The company restarted palladium production at the Lac des Iles (LDI) mine with 140,000 ounces per year starting on May 1. William J. Biggar, president and chief executive officer was quoted saying: “With respect to our growth projects, we [...]
Continue reading "N.A. Palladium Releases 2010 Results"
Friday, May 7, 2010
A range of sports icons featured on various Platinum and palladium coins have been released in the U.S. The limited edition platinum, palladium, gold and silver coins were released by Artfest International. Edward Vakser, President and Chief Executive of Artfest International commented during the announcement, “We are excited about the launch of Artfest Direct, where [...]
Continue reading "US Releases sports Coins From Platinum and Palladium"
Monday, May 3, 2010
Gold has posted gains on a weakening dollar and so is Palladium. According to chief executive officer of Anglo Platinum Ltd., Neville Nicolau, new discoveries of palladium may be in deficit for “most” of the next decade as Russia depletes stockpiles and uses for the metal increase. Wolfgang Wrzesniok-Rossbach, head of sales and marketing at [...]
Continue reading "Palladium Price Climbs to 25-Month High"
Wednesday, March 25, 2009
Palladium was the only precious to be on the positive track on Monday, as the equity rally deteriorated the flight to safe haven investments. Palladium’s near term outlook remains bleak, as reports from Europe said that car registrations dropped 18 percent in February.
Continue reading "Palladium steady despite precious metal price retreat"
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"
Wednesday, January 28, 2009
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.
Continue reading "What does 2009 have in store for palladium?"
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Wednesday, July 28, 2010