CNBC reported precious metals were mixed on Tuesday with spot palladium dropping on news output is expected to decline one percent in 2012.
Bloomberg reported Lonmin’s (LSE:LMI) Chief Executive Officer says his company has unfinished business with Xstrata (LSE:XTA) who holds shares in the platinum miner.
Bloomberg reported OAO GMK Norilsk Nickel (LSE:MNOD) says platinum group metals may be a better investment than gold.
SMH reported on precious metals trading on the London Metal Exchange, noting spot platinum slipped.
Business Insider reported an interview with Byron King, who says platinum prices will continue to rise on short supply.
IBTimes reported as gold stocks surged, platinum has remained the best performer of 2012 surging 19% in January.
Mining Weekly reported Marco Biffi is encouraging platinum miners to be more mindful of their energy use when it comes to air and cooling demands.
CNBC reported platinum prices fell slightly on Friday when hopes of a Federal stimulus were smashed on positive job growth for the month.
Mining Weekly reported safety stoppages at South Africa’s platinum mines have hurt production for several miners.
CNBC reported that even as gold rose to a two-month high, it was no match for platinum which continues to outpace the yellow metal in 2012.
Tuesday, February 7, 2012