Friday, May 22nd 05:26 PM

Global platinum jewelry production declined by 3% year-on-year to 2.57 million ounces last year, marking the first decline in three years, as per Thomson Reuters'…..Continue

Global Platinum market reports a deficit of 160 kilo ounce during Q1 2015: WPIC

  • Global platinum market has reported a deficit of 160 kilo ounce during the first quarter of this year, as per latest figures from World Platinum Investment Council. The deficit was higher than the 60 kilo ounce deficit in Q4'14, owing to a combination of factors.

Anglo American Platinum production climbs in Q1

  • The company's refined platinum production increased during the first quarter by 25% to 542000oz compared to the strike affected Q1 2014. Refined palladium and rhodium output also increased during the period, advanced to 348000oz and 65000oz respectively.

US Palladium imports from Italy, Switzerland jump in 2014: USGS

  • Imports from Italy totalled 19000 kilograms last year, more than double the amount in 2013 and significantly more than typical amounts of less than 2 000 kg/y since 2004.

Platinum Group Metals weak, China car sales support: Barclays

  • Car sales in China are up 7.6% y-o-y while light vehicle sales in US are up 11% y-o-y. Investment demand has started the year on a softer note for the PGMs with Exchange Traded Funds (ETF) holdings falling further in February

LME new provider of Platinum, Palladium prices to LPPFCL

  • The LME’s custom-built electronic solution, LMEbullion, will provide a pricing methodology that fully meets the administrative and regulatory needs of market participants including the IOSCO Principles for Financial Benchmarks.

Dollar weakens PGMs, fundamentals for Platinum, Palladium strong: ETFS

  • The continued improvement in the US economy has prompted the Fed to reduce stimulus and has caused the market to start to price in early rate hikes.

Palladium market may witness deficit of 1.9Moz: Barclays

  • Overall in August, Switzerland remained a net exporter of palladium once again, but to the smallest extent since October 2013.

Palladium at highest level since 2001 on Russia-Ukraine tensions

  • Heightened tensions between Russia and the Ukraine increased the potential for further sanctions against Russia, supporting the palladium price, which is now trading above US $ 900oz.

Gold weakens on US dollar strength, equity gains, Palladium the stalwart

  • Hawkish US FOMC minutes were a primary pressure source as the FOMC prepares the market place for the eventual beginning of the path for raising rates.
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