Falling global platinum prices are threatening the viability and survival of Zimbabwe’s largest platinum producer, Zimplats, the company warned. For full story, click here
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Tuesday, December 30, 2008
Zimbabwe’s biggest platinum mine Zimplats warned its survival was under threat and expected significant losses due to the fall of metals on the international market. For full story, click here
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Tuesday, December 30, 2008
Platinum prices advanced in Asian trade after oil made a slight recovery as dollar weakened further against major currencies. For full story, click here
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Monday, December 29, 2008
Houston Lake Mining Inc., an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to announce that the Phase II 22 hole, 2,232m (7,321 ft.) drill program has been completed in the vicinity of the Shaft Zone. For full story, click here
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Friday, December 26, 2008
Rising prices and a global recession have led to a 2.3 per cent decline in global jewellery demand for platinum to 6.52 million oz this year. For full story, click here
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Thursday, December 25, 2008
Demand for platinum will be fuelled up by the new Euro 5 light duty vehicle emissions rules that mandates the use of diesel particulate filters in Europe and by continued growth in vehicle production in China. For full story, click here
Read the full article: "Demand for platinum will be fuelled up"
Thursday, December 25, 2008
Ridge Mining Plc, which explores platinum in South Africa, delayed the development of a plant to process ore because of an accident. For full story, click here
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Wednesday, December 24, 2008
The platinum market is forecast to be in deficit by 2,40,000 oz in 2008. Demand is set to fall by 2.3 per cent to 6.52 million oz, while supply of the white metal is likely to slip 4.2 per cent to 6.28 million oz – the lowest since 2003. For full story, click here
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Tuesday, December 23, 2008
Platinum prices could drop to as low as $700 an ounce in the coming months as investors would prefer to cash to other investments, according to Johnson Matthey, an authority on the precious metal. For full story, click here
Read the full article: "Platinum prices may decline to $700/oz"
Monday, December 22, 2008
Platinum prices advanced in Asian trade on Monday after oil made a slight recovery as dollar weakened further against major currencies. For full story, click here
Read the full article: "Platinum prices advanced in Asian trade"
For upcoming platinum investing trade shows, see the following links: World Platinum Congress, Cambridgehouse, IIC, Chicago Resource Expo
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The Platinum Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
Wednesday, December 31, 2008