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"
Tuesday, May 25, 2010
Russia’s Norilsk Nickel (GMKN.MM), world’s largest palladium producer has confirmed that it will not be focusing on palladium production from 2011 to 2015. Deputy CEO Viktor Sprogis is quoted saying: “The company and other main market players conclude on the basis of indirect indicators that the state palladium stocks will not be a decisive factor [...]
Continue reading "Norilsk Nickel Will Not Stock Palladium from 2011-2015"
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
Pan African Mining Corp. (TSX-V: PAF) has announced that its Phoenix project has an increased resource of 15.8 percent for its palladium, platinum, rhodium and gold. CEO Jan Nelson is quoted saying: “The increase in the total resources, assuming a 50% recovery, extends the life of the Phoenix project from 13 years to approximately 16 [...]
Continue reading "Pan African Increases 15.8% Resource at Phoenix"
Thursday, May 20, 2010
Johnson Matthey study estimates that 960,000 ounces of palladium were sold from Russian state stocks during 2009. This is compared with mine supplies of 6.14 million ounces, or 7.77 million ounces of gross palladium demand. The end of the study shows the sales of Russia and its shipments of palladium from Russia to Switzerland from [...]
Wednesday, May 19, 2010
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 [...]
Continue reading "Johnson Matthey’s Palladium Market Review"
Friday, May 8, 2009
Toronto-based North American Palladium, which wants to build itself into a mid-tier precious metals company with multiple mines, is targeting annual gold output of 250 000 oz/y. For full story, click here
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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, February 17, 2009
Canada’s FNX Mining Co Inc cut its 2009 production and expects lower capital expenditure for the period, hurt by weak commodity prices, and said it has sufficient cash in had to support all its development plans. For full story, click here
Continue reading "FNX Mining cuts 2009 production outlook"
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Thursday, May 27, 2010