Friday, September 19th 11:40 AM

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

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.

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.
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