Platinum prices made gains on Tuesday, climbing to $1,525 per ounce after opening July at $1,500. The metal is up 5 percent since closing out 2009, an impressive feat given the lingering fears that the European debt crisis could still trigger a double-dip recession.
Read the full article: "Platinum Prices Driven By Chinese and Indian..."
Wednesday, May 19, 2010
Tuesday was a tough day for metals on the markets and it was no different for platinum. Prices for June delivery on the Comex division of the New York Mercantile Exchange dropped $93.30 to $1,597.20 despite a report published by Johnson Matthey predicting a positive outlook for platinum prices in 2010.
Read the full article: "Platinum Hit By Greek Crisis Despite..."
Monday, May 10, 2010
By annealing in air platinum films deposited on a sapphire substrate, large-area free-standing Pt rods have been prepared successfully.
The news added the information:
As far as we know, this is the first investigation of the electron field emission properties of Pt rods. Through use of simple thermal annealing processes to prepare free-standing Pt rods, it is [...]
Read the full article: "Simple Thermal Annealing processes For Long..."
Friday, May 7, 2010
Platinum is being outdated by Palladium because if a palladium-to-platinum ratio is made, the number of ounces of platinum needed to buy an ounce of palladium hit its highest since 2006 in April at 0.33, up from 0.20 a year ago.
David Wilson, an analyst at Societe Generale is quoted as saying:
“There seems to be a [...]
Read the full article: "Platinum’s Luster Expects to Be..."
Tuesday, May 4, 2010
Skeena Resources Limited (TSX.V: SKE) announces its 100% equity interest from three underlying vendors in the previously optioned 27,329 hectare Tropico copper-platinum-palladium-gold project in Sinaloa State, Mexico. The features of the new property include low-cost property, access to a paved highway, and major powerline supply located within 10 km of the coastal N-S rail line, [...]
Read the full article: "Skeena Presents Underlying Vendor Interest..."
Monday, May 3, 2010
Platinum Group Metals Ltd. (PTM-TSX; PLG-NYSE Amex) (“Platinum Group”) closes negotiation and ownership of Projects 1 and 3 of the Western Bushveld Joint Venture (“WBJV”). The contract includes the feasibility stage, 275,000 ounces per year Project 1 Platinum Mine.
“President and CEO, R. Michael Jones said, “We are now in a position to advance the Project [...]
Read the full article: "Platinum Group Announces 74% Ownership of..."
Tuesday, November 3, 2009
Barrick Gold has confirmed that it has dropped plans to develop the Sedibelo platinum project in South Africa. Not to worry. The story for the metal has only just begun.
Read the full article: "Is Platinum Treading The Gold Path?"
Friday, October 23, 2009
Though platinum prices have near doubled to 1350/oz this week from a low of 732/oz last October, for the miners in South Africa, it is still an uphill task. The SA government’s talks to takeover ownership of mines could potentially scare off investors. How will the platinum producers operate in a constrained environment?
Read the full article: "Platinum Sales Drop, SA Miners Hurt"
Wednesday, July 29, 2009
As platinum just start down the road to recovery, analysts are already warning that supply threats are likely to boost the metals price to new highs. Platinum prices may climb above $1,500 an ounce “in the next couple of years” as demand recovers amid supply constraints in South Africa, the world’s biggest producer, according to Banc of America Securities- Merrill Lynch.
Read the full article: "Supply Threats to Accelerate Platinum’s..."
Thursday, June 18, 2009
Platinum was mixed on Thursday, July platinum rose $2.40 to $1,207.60 an ounce, while September palladium declined $3.35 to $239.70. The drop in the three month contract price was related to declining crude oil. Last week, prices of both platinum and palladium climbed to their highest levels since November 2008-
Read the full article: "Platinum gets mixed response as crude oil..."
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Tuesday, July 13, 2010