Palladium: Supply and Demand
Although investing in metals is always risky business, analysts are pinning palladium and platinum as safer bets over the long run.
Although investing in metals is always risky business, analysts are pinning palladium and platinum as safer bets over the long run.
Analysts are optimistic that bullish trends will continue to lend a shine to precious metals in 2011, namely platinum and palladium.
Palladium’s price point has risen nearly 50 percent during 2010, nearly twice that for gold and three times that for platinum, palladium’s chemical cousin.
Republican Congressman Denny Rehberg is pushing for new eagle coins, which would contain one troy ounce of 0.9995 palladium and carry a legal tender face value of US$25, through a bill called the American Eagle Palladium Bullion Coin Act of 2010.
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, [...]
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 [...]
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 [...]
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.
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 [...]
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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