Morgan Stanley PGM Price Outlook

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. Still, Tom Price and Joel Crane at Morgan Stanley believe things might not be looking so bad for platinum in the near term.

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Company News

Ivanhoe Mines Appoints Mahler as an Independent Director

Ivanhoe Mines (TSX:IVN) announced that it has appointed Livia Mahler as a non-executive, independent member of the company's Board of Directors, effective immediately, increasing the number of directors to ten.

NovX21 Announces Warrant Extension

NovX21 Announces Warrant Extension

NovX21 (TSXV:NOV) announced it will extend the expiration date of warrants issued in a private placement which closed on March 22nd, 2013, by two years at the exercise price of $0.20.

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Market News

Global Platinum shortfall Continues

Mineweb reported that the World Platinum Investment Council’s (WPIC) second ever Platinum Quaterly report has revealed that the global platinum demand exceeded supply by 700 000 ounces in 2014.

Platinum Prices to Rebound from Five-year Low

Mineweb reported that platinum prices are poised to rebound from a five-year low due to shrinking platinum stockpiles, rising demand from car manufacturers and new uses of platinum being charted out in the energy field.

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