Prices of palladium and platinum have continued to slide down in Europe which is not a good for investors. Platinum fell about 3 percent $1,492.75 an ounce against $1,526.50 in the previous week. Wolfgang Wrzesniok-Rossbach, head of sales at Heraeus is quoted saying: “As far as industry is concerned, it is a lot quieter today, [...]
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Wednesday, May 19, 2010
Noront Resources Ltd. (“Noront”) (TSX VENTURE: NOT), has announced focused on its significant and multiple, high-grade nickel-copper-platinum-palladium, chromite, gold and vanadium, has announced that it will be a part of the CEO clips on Business News Network (BNN) in Canada. BNN will feature Noront beginning May 15, 2010. Click here to access the entire Press [...]
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Monday, May 17, 2010
Impala Platinum (Implats), world’s second-largest platinum producer, said on Monday that their palladium production 26% in the March quarter, compared with the production in Q1 of 2009 The company produced 283 000 oz of palladium in the quarter. Implats produced 368 000 oz of platinum this first quarter, which was less than the 385 000 [...]
Continue reading "Implats’ Palladium 26% Soar, Platinum down 4%"
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.
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Thursday, June 4, 2009
Colossus Minerals (TSE:CSI) reported today results from the first two of it’s Phase II drill results. Included in the results were 27.9 meters at 35.49 grams per tonne gold, 19.89 grams per tonne platinum and 25.14 grams per tonne palladium. This mineralization was intersected starting at 208.4 meters down hole. True widths have yet [...]
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Wednesday, April 15, 2009
NYMEX July platinum PLN9 reported to have finished down $28.70, or 2.3 percent, at $1,218.30 an ounce following Monday’s rally based on optimism related to China’s autocatalyst demand. For full story, click here
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Wednesday, April 1, 2009
Palladium’s gains were snapped last Friday as the greenback rallied. The precious metal came under pressure as a study from the University of Michigan showed an unexpected increase in consumer confidence. This reduced the metals “safe-haven” appeal.
Continue reading "Palladium capitalizes on down economy"
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"
Tuesday, March 10, 2009
Colossus Minerals Inc. announced today the closing of its bought deal offering saying that a total of $24.7 million has been raised including 1.5 units of the over-allotment. Proceeds of the financing will mainly be used to advance the Serra Pelada gold and platinum group metal project in Brazil.
Continue reading "Colossus Closes $24.7 Million Financing"
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"
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Tuesday, May 25, 2010