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, May 27, 2010
A leading provider of electronic transaction processing solutions, Global Payments Inc. (NYSE: GPN), has announced its sale of money transfer business, DolEx- and Europhil-branded to an affiliate of Palladium Equity Partners, LLC. David Perez, a Managing Director of Palladium Equity Partners is quoted saying: “We look forward to working with the management team at DolEx/Europhil [...]
Thursday, May 27, 2010
Natixis Commodity Markets has warned investors and miners of the fast depletion of precious metals due to the heavy production and use. The Global market analyst group thinks of the downside in Palladium use since although there was a balanced state of supply last year, 2010 has proven to be a modest deficit year for [...]
Continue reading "Palladium Precious Metal 2010 Downfall – Natixis Analysis"
Monday, May 24, 2010
Pan African, gold mining company that produces approximately 100,000 oz per year, has announced that it would increase its resource to 15.8% in its Phoenix project to 469 000 oz of 4E PGM (platinum, palladium, rhodium and gold). Pan African CEO Jan Nelson is quoted saying: “The increase in the total resources, assuming a 50% [...]
Continue reading "Pan African Increases Phoenix Resources to 15.8%"
Monday, May 24, 2010
North American Palladium (NAP) is planing its scoping study for their Offset zone at its Lac des Iles (LDI) palladium mine, in northern Ontario. The said scoping study will start by Q3 of 2010. NAP CEO William Biggar is quoted saying: “And the Offset zone is the real growth driver at LDI, with the potential [...]
Continue reading "NA Palladium Sets Q3 Scoping Study"
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
Millennium Trust Company, LLC has announced the launch of its enhanced Precious Metals program. The company hopes to modify its palladium, platinum, gold, and silver portfolios. It has also expanded its precious metals IRA Program. Scott McCartan, CEO of Millennium Trust is quoted saying: “Since many investors interested in precious metals will be self directing [...]
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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"
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"
Thursday, February 12, 2009
Colossus Minerals Inc. is an exploration and development company focused on gold and platinum group metals in Brazil. Led by a skilled management team, the company is managing and developing the well-sought after Serra Pelada project, a Colossus-COOMIGASP joint venture. Since their IPO in Feburary 2008, Colossus has continuously announced spectacular high-grade results from their drilling program at Serra Pelada.
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Wednesday, July 28, 2010