Kitco reported platinum and gold have both rallied narrowing the price gap between the two precious metals.
Reuters reported South Africa’s Chief Mine Inspector has set up a task team to review how and when platinum mines are shutdown due to safety concerns.
Reuters reported platinum rose the most since February 2008 after the Fed announced it expects interest rates to remain low keeping its loose monetary policy.
Business Insider reported that as gold becomes more expensive than platinum since gold prices more strongly reflect moves in the United States government and economy.
International Business Times reported the platinum outlook is dim on slowing truck sales in Europe according to Edel Tully, a UBS analyst.
IBTimes reported that as gold stocks rallied, platinum rose even higher as investors start paying attention to the white gold.
Bloomberg reported platinum production is down in South Africa for Anglo American (LSE:AAL) and other platinum miners due to safety stoppages.
Reuters reported precious metals were up and down on Wednesday with platinum finally settling slightly higher.
Reuters reported Zimbabwe’s $300 platinum mining fee will rise to $2.5 million to discourage the holding of speculative claims.
Mineweb reported Standard Bank analysts say platinum is a good investment for the long-term due to a dwindling supply, but in the short-term it may not be worth it.
Cadillac Ventures Inc. (TSXV:CDC) announced results for holes on the K1-1 open pit project at its Thierry Mine property.
CNBC reported precious metals, including platinum, rose in trading on Tuesday as the euro fell slightly.
Mineweb reported an interview with Standard Bank’s Walter de Wet discussing the future of platinum and platinum group metals.
Eastern Platinum Limited (TSX:ELR,AIM:ELR,JSE:EPS) reported from the Crocodile River Mine for the quarter ended December 31, 2011.
Mining Weekly reported a miner with African Rainbow Minerals (PINK:AFRBY) has died in a fall-of-ground accident at the Two Rivers platinum project.
PlatinumInvestingNews.com maintains a focus on Platinum exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
The Platinum Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
Get our exclusive independent commentary on platinum trends and companies delivered to your inbox. Sign up to get exclusive access to our market catalysts a week before they are published online. Learn More »
Simply fill in your name and email to make better investment decisions.
Fri, Jan 27, 2012