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"
Wednesday, June 16, 2010
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.
Continue reading "Auto Sales Drive Palladium Price"
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"
Friday, May 14, 2010
Palladium’s price reign as compared to platinum for over four years may come to an end due to fewer purchases by investment funds and China’s fewer car-sale incentives. According to J.D. Power Automotive Forecasting in Oxford, England, there is a drop of 8.7 percent in q3 from q2 of 2010 in China’s auto sales while [...]
Continue reading "Car Sales Crashes Palladium Price"
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"
Friday, February 13, 2009
Among precious metals for immediate delivery, palladium was up 0.9 percent at $176.50 an ounce. For full story, click here
Continue reading "Palladium was up 0.9 percent"
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"
Friday, January 30, 2009
Vast demand destruction could actually make the prices skyrocket at some point. For full story, click here
Continue reading "Palladium prices could skyrocket"
Thursday, January 29, 2009
The real palladium price (in 2007 dollars) is expected to average $394/oz during the forecast period from 2008 till 2017. This is an increase of approximately 36 per cent over the average real price between 1976 and 2007. For full story, click here
Continue reading "Palladium price to average $394/oz"
Tuesday, January 27, 2009
Platinum and palladium prices fell, with the spate of poor economic data from the United States and Europe pressuring all industrial metals. For full story, click here
Continue reading "Palladium prices fell, with the spate of poor economic data"
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Wednesday, July 28, 2010