Platinum, Palladium may drop further: Commerzbank
"The palladium price has fallen significantly in the meantime, which suggests that positions have been reduced. We see further downside potential for the palladium price in view of the currently negative investment demand and speculative market positioning," the German bank added.
HSBC remains bullish on Platinum
HSBC looks for investors to once again favor platinum as they become reacquainted with the role of the metal in auto catalysts and once near-term worries about demand for diesel auto-mobiles abate.
Goldman remains bearish on Platinum demand
A leading global investment management firm, Goldman Sachs looks for the weakness in demand for diesel-powered auto mobiles to pressure platinum and demand for gasoline-powered cars to support palladium.
WPIC raises 2015 Platinum deficit forecast to 445000 oz
Demand for the year is expected to increase by 4% year-on-year to 8.36-million ounces, owing to higher investment demand of 310000 ounces on the back of higher platinum bar sales in Japan and "substantial" exchange-traded fund (ETF) buying in South Africa.
Sylvania Platinum posts $1.7 mn net profit for FY15
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 its revised guidance of between 55,000 and 57,000 ounces for the year.
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.