Tuesday, May 21st 11:34 AM

Palladium deficit in 2013 to help fuel rally: ETF Securities

Both platinum and palladium will be in deficit in 2013 mirroring the trends seen in 2012, according to Johnson Matthey. Palladium is set to see supplies tighten…..Continue

PGM cartel plan yet to get off the blocks

  • As there are no substitutes for the function of platinum and palladium in a car, automobile manufacturers may soon be forced to pay much higher PGM prices.

Demand drivers to help Palladium more than Platinum in 2013: ETFS

  • Supply side factors will continue to benefit both platinum and palladium but demand drivers are going to favour palladium, ETFS said. Weaker China GDP and industrial production data were attributed to the recent fall in platinum and palladium prices. Platinum prices are now $400/ounce below miner's operating costs and therefore more production cutbacks are expected, ETFS report said.

Platinum, Palladium production cuts to tighten supply: ETFS

  • At the beginning of the year Anglo American Platinum (Amplats), the world's biggest producer of platinum, announced its intention to close four mine shafts and is looking to sell another mine complex as part of a radical overhaul of its South African operations.

Platinum Week: PGMs set to remain in deficit

  • The newly launched physically backed ETF in South Africa has recorded fresh demand exceeding 190koz. Collectively, platinum ETP holdings are at a fresh record high, surpassing 2Moz.

Gold stabilises, but PGMs edge higher ahead of Platinum Week

  • Gold holdings are down 37 tonnes for the month-to-date, following a record outflow of 182 tonnes in April.

Commodity price slump hits ENRC Q1 revenue

  • The ferroalloys division produced at full available capacity, volumes were included for the full quarter from Shubarkol and alumina production has recovered well.

China's ZCE to launch ferroalloy futures

  • Ferroalloy is used as a raw material in the steel production process. As the world's largest producer of ferroalloy, China takes up 40 percent of the world's ferroalloy output.

Zimplats registers 26% operating profit

  • Zimplat's operating costs went up 36%, underlining the pressure the company has been under, after the Zimbabwe Revenue Authority alleged it had skipped $34m in tax payments last year.

NKWE Platinum teams up with Zijin Mining to develop platinum assets

  • The deal will allow Nkwe to develop its PGM assets and in particular the Garatau PGM project and becoming a significant producer of platinum group metals.
Browse by date

Bullion Street Newsletter

  • Facebook
  • Twitter
  • RSS