Platinum Market News Directory

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.

Robert Friedland: Platinum Becoming Increasingly Key in Japan

Mining Weekly reported that according to mining magnate Robert Friedland, platinum is becoming an increasingly important metal in Japan. For instance, the country is building fuel cells that use platinum to provide clean electricity and heat, and plans to run the Tokyo Olypmics on fuel cells.

Zimbabwe May Revoke Platinum Export Tax if Refinery Built

Reuters reported that the Zimbabwe government would consider removing a tax on raw platinum exports, but only if mining companies build a refinery and process platinum locally. The 15 percent tax was implemented January 1, but according to Mines Minister Walter Chidhakwa, the platinum tax could be removed.

Platinum Sector Yet to Recover from Strike

Business Day Live reported that the platinum sector is still reeling from last year's South African strike, with the output levels in the sector more than 20 percent lower than pre-strike levels.