Platinum Market News Directory

SFA Says Platinum Price Too Low to Be Sustainable

The Bullion Desk reported that SFA Oxford's Stephen Forrest told LPPM delegates that the current platinum price is unsustainable. He stated that a price rise was inevitable due to an "impending imbalance in the market."

Platinum Price at 6-week High reported that Platinum pric in New York advanced to the highest level in six weeks on Monday, attributed largely to stronger gold price and reports indicating that the PGM market will remain in deficit.

WPIC Says Platinum Supply Deficit not as Large

Mineweb reported that the World Platinum Investment Council’s Q1 platinum report sees platinum remaining in deficit this year, but the deficit will not be as large as stated in a recent report from GFMS.

Zimbabwe Defends Mine Ownership Plan

Reuters reported that Zimbabwe's President defended his government's plan to take majority control of foreign-owned mining companies, saying investors must pay for exploiting Africa's mineral wealth.