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, [...]
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 [...]
Johnson Matthey PLC (JMAT.LN), a specialty chemicals company, has released its annual report and said that in 2009 palladium market was in a 760,000-troy-ounce surplus. The company added that demand for palladium fell 6.3% to 7.77 million ounces. Automakers has also cut their palladium purchases by 9.3% to 4.05 million ounces. In the US palladium [...]
Palladium (Pd) and platinum (Pt) continue to turn down and this worries investors as the debt problems in Greece continue to spread. It might soon reach other countries like Spain and Portugal and upend a global economic recovery. The press release is quoted as saying: “July platinum fell 70 cents to $1,665.80 an ounce after [...]
A recent rally in prices of the precious metals used in catalytic converters for cars will not become a sustainable trend as long as signs of a clear recovery in the auto sector stay elusive. For full story, click here
Palladium prices was bid at $238 an ounce at 1303 GMT, having hit a day’s high of $243 an ounce, as an equities rally cheered sentiment in industrial metals. For full story, click here
The rand gained as palladium prices rallied and gold traded near a seven- month high. For full story, click here
If the auto industry recovers and starts buying again, that’s good for the Pd companies because prices rebound and probably shoot up past their equilibrium price . For full story, click here
Palladium prices almost have to go up at some point because producers simply aren’t profitable right now. For full story, click here
The nominal price is projected to average $461/oz during the forecast period, 2.4-fold increase over the previous 30 years’ average. For full story, click here
Get our independent commentary on palladium trends and companies delivered to your inbox.
