Jack Lifton on NovX21′s Platinum-group Metals Recycling Technology

Jack Lifton on NovX21′s Platinum-group Metals Recycling Technology

Last week, Jack Lifton was on the road with NovX21. Resource Investing News was able to catch up with him to get more insight into the company and PGMs recycling. NovX21 has a unique process for recycling PGMs from catalytic converters, and according to Lifton, it marks an important development for the space.

Why is Platinum Cheaper Than Gold?

While both gold and platinum prices have continued to fall so far this year, platinum has taken a harder hit, making the white metal cheaper than gold.

Morgan Stanley PGM Price Outlook

The platinum price has dropped roughly 5.7 percent, or $69, since the start of the year, and at $1,143 per ounce, the white metal is now cheaper than gold.

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Company News

Platinum a Top Pick in the Precious Metals Space

A recently published article from Karim Rahemtulla of Wall Street Daily suggested that platinum could be the best buy in the metals sector. He argued that a lack of supply and rising demand in the future would help support platinum prices.

NovX21 Provides Correction to Press Release Regarding Private Placement

NovX21 Provides Correction to Press Release Regarding Private Placement

NovX21 (TSXV:NOV) made a correction regarding the participation of existing shareholders in a private placement as described in its previous press release. Net proceeds of the financing will be used for the financing of a new commercial plant for the recovery of platinum group metals and for general corporate purposes.

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Market News

Platinum Price to Average $1,500 per Ounce in 2016

Mining Weekly reported that French Bank Natixis SA (EPA:KN) predicts that the platinum price will average $1,500 per ounce in 2016 and $1,285 per ounce this year.

Zimbabwe Defends Mine Ownership Plan

Reuters reported that Zimbabwe's President defended his government's plan to take majority control of foreign-owned mining companies, saying investors must pay for exploiting Africa's mineral wealth.

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