Prophecy Platinum Reports PGM and Gold Results
Prophecy Platinum Corp. (CVE:NKL,PINK:PNIKD,FRA:P94P) reports an NI 43-101 compliant report and mineral resource estimate for its Wellgreen property.
Articles Tagged "pgm"
Precious Metals Prices Drop for Second Day
The Australian reports that as the dollar rallied against the euro, precious metals fell again.
Benton Drilling Identifies Significant PGM Trend on Shebandowan Gold Project
Benton Resources Corp. (CVE:BTC) reports it has intercepted significant gold, platinum and palladium from a diamond drill campaign on the Shebandowan Gold project.
Gold, PGM Gain on China Inflation
Reuters reported that prices of palladium and platinum have risen due to higher demand from China.
Palladium joins the gold and platinum club
Citywire.com reports that, because Palladium is a component of catalytic converters, demand for it is expected to increase.
A Turbulent Month for Palladium
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.
Auto Sales Drive Palladium Price
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.
Politics & Palladium: Showtime!
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.
Palladium touches 11-month high
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.
Palladium companies report stark ’08 figures
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.
