Wednesday, February 25th 11:40 AM

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…..Continue

LME new provider of Platinum, Palladium prices to LPPFCL

  • The LME’s custom-built electronic solution, LMEbullion, will provide a pricing methodology that fully meets the administrative and regulatory needs of market participants including the IOSCO Principles for Financial Benchmarks.

Dollar weakens PGMs, fundamentals for Platinum, Palladium strong: ETFS

  • The continued improvement in the US economy has prompted the Fed to reduce stimulus and has caused the market to start to price in early rate hikes.

Palladium market may witness deficit of 1.9Moz: Barclays

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

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.
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