Monday, August 24th 04:21 PM

Net profit rose due to a 1.2% revenue increase to $48 million during the period, reflecting a 7% rise in output to 57,587 platinum group of metal ounces that beat…..Continue

South African Platinum output may fall 16% in 2016 amid lower capex

  • The study, which tracks capital investment by South African producers over a twenty year period, estimates a decline in platinum output, due to reduced expenditure, of more than 600 koz per annum in 2016.

Anglo American Platinum output up 60% Y/Y in Q2

  • Refined platinum production increased by 33% to 561,000 ounces, following a return to normal production after the industrial action in H1 2014. Refined palladium and rhodium also increased for similar reasons.

South Africa's mining output growth slows in May

  • The highest positive production growth rate was recorded for platinum-group metals (PGM), which grew by 99.6%, partly as a result of the low base in May 2014, when the PGM sector was adversely affected by industrial action.

Precious Metals rise 1.29% in May on geopolitical risk: Credit Suisse

  • Precious Metals increased 1.29%, buoyed by heightened geopolitical risk and uncertainty over the Greek debt crisis, supporting demand for silver and gold.

Global Platinum jewelry production declines in 2014

  • 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' GFMS Platinum & Palladium Survey 2015.

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
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