Platinum Market News Directory

New Industry Body to Stoke Investment Demand for Platinum

According to Reuters, a new industry body being formed to encourage investment demand for platinum is set to launch later this year. The body, which will likely be based in London or Johannesburg, will be called the World Platinum Investment Council.

Platinum Bull Market to Come?

According to an article from Seeking Alpha, platinum could still stand to swing into a bull market this year on the back of shrinking resources and slowing production from South Africa. Analysts from J.P. Morgan and Standard Bank see stockpiles that have stopped prices from rising as of late are rapidly being depleted.

Will Central Banks Buy and Sell PGM’s to Control Prices?

Mineweb's Kip Keen commented on a recent announcement that Sergei Donskoi, Russia's Minister of Natural Resources, suggested that South Africa and Russia buy platinum and palladium through their central banks to exert some control over metals prices. The author ran a "what if?" scenario past Harry First, a law professor at the New York University School of Law with a special interest in international anti-competition issues.

Analysts See Platinum’s Fall as Overdone

In an article for Mineweb, Kip Keen wrote that some analysts are seeing platinum as oversold. Platinum has fallen to less that $1,300 per ounce since fears of a supply crunch have waned. Still, there was some silver lining.