Platinum miners won't be this cheap forever
It's been a grim year for platinum miners, with rising costs, labor disputes, falling prices, and surplus supply all combining to wipe out billions of pounds of shareholder equity across the industry. Aquarius Platinum has lot 85% of its value in the last year alone - a truly dire result.
Platinum Futures drop below $1400
Precious-metals traders on Monday kept their eye firmly on Europe, as Spain's borrowing costs hit fresh euro-era highs on fears the euro zone's fourth-largest economy may still require a sovereign-debt bailout.
Gold-winning display leaves platinum trailing
Platinum, the most expensive of metals for most of the last two decades, is trading around its lowest value relative to gold since 1985, with little visible on the immediate horizon that could flip this trend.
Supply constraints to boost Platinum next year
Prices of platinum could rise in next year as markets digest limited supply from major producer South Africa, analysts said at an industry conference, with platinum trading at a premium over gold.
Platinum's allure is questionable
South Africa has almost 80% of the world's known PGM reserves and produces more than 4.5-million ounces of platinum a year and more than four million ounces a year of the other PGMs.
How a Platinum coin could solve the debt-ceiling problem
What the platinum-coin option really shows is how odd the debt ceiling is. Itâ€™s an artificial obstacle to the government paying for spending it has already approved and for making interest payments on debt it has already issued.
Platinum overtakes Gold at last
Platinum production, for instance, faces no end of trouble, being mostly based in South Africa. Last year's murder and strife above the Bushveld Igneous Complex knocked almost 7.5% off world annual output.
Platinum shines over Gold on investor demand
Across the precious metals complex, platinum and palladium have continued to outperform gold and silver. In particular, platinum has had a spectacular run, overtaking gold prices with a current premium of nearly $50 an ounce. The precious metal is likely to test $1,740/oz last seen in September 2011.