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SA May mining production declines as PGMs output hit lowest since 1994

  • South African platinum-group metals production sank 49% year-on-year in May mainly due to the impact of crippling strike action that began on the 23rd of January this year.

Platinum, Palladium prices hit best so far in 2014

  • Strong global vehicle sales, coupled with news of a new strike in South Africa and continued tensions in the Ukraine supported 1.6% and 1.9% gains in platinum and palladium (PGMs) last week, according to ETF Securities.

Barclays cuts Platinum price forecast for this year

  • Barclays has cut its this year price forecast for platinum to $1475 an ounce (/oz) from $1532/oz. Barclays believes platinum to have an upward trend.

Talks to end the Platinum strikes continue in SA

  • Platinum and palladium gained 1.3% and 1.6% respectively on the back of gold and silver with additional support from strike resolution issues in South Africa, said ETF Securities.

Current price drop in PGMs may represent an opportunity for medium to long-term investors

  • Platinum and palladium prices dropped sharply as Amplats, Implats and Lonmin announced an "in principle" agreement has been reached with the Association of Mineworkers and Construction Union (AMCU).

South Africa's mining output edges up in April but outlook still bearish

  • Data on South African mining production for April surprised to the upside but the outlook for the sector remains bearish, said BNP Paribas.

South African Reserve Bank governor comments signal greater tightness in Platinum market

  • Platinum group metals may build on previous gains, especially if a warning from the South African Reserve Bank governor about dwindling inventories turns out to be the case, said HSBC in a research note.

Palladium is technically strong, best among precious metals

  • Palladium is technically strong and threatening to break above its 2011 highs, said Barclays in a research note.

Platinum, Palladium investors start to focus on improving demand fundamentals

  • Most investor attention has focused on supply side issues in the platinum and palladium market as key production countries, South Africa and Russia, face difficulties, said ETF Securities.
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