Platinum futures jumped for a fourth day in Tokyo amid speculation that carmakers and other industrial users were buying the metal to take advantage of the declining prices. Ralph Preston, a futures analyst at Heritage West Futures Inc. in San Diego, said: Platinum’s continuing to get support from industrial buyers. Click here for full story.
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Wednesday, August 27, 2008
Platinum prices slipped on Monday as the U.S. dollar resumed its rebound against the euro and the pound. Platinum is often used by investors as a hedge against a weakening dollar, so the dollar’s recovery has made the metals less attractive.
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Tuesday, August 26, 2008
Platinum gained more than 1 percent to follow gold but gains may not hold for long as automakers are still on the sidelines. Sonoda of Daiichi Commodities said: Automakers company haven’t entered the market yet. They will wait and see. For more information, click here
Read the full article: "Platinum up 1 percent"
Tuesday, August 26, 2008
South Africa’s biggest mineworkers’ union may call a strike at Two Rivers platinum mine due to dispute over wages. Doctor Matheso, a branch spokesman for the National Union of Mineworkers (NUM), said: The union had referred the disputes to arbitration authorities in a bid to seek its intervention on the issues of job grading and [...]
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Tuesday, August 26, 2008
A strike at Lonmin’s Western Platinum mine is over. A labor union official said: The strike is over and workers are back at work. For more information, click here
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Tuesday, August 26, 2008
Platinum prices declines on Monday as US dollar resumed its rebound against the euro and the pound. For more information, click here
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Thursday, August 21, 2008
Platinum futures in Tokyo rose for a second day as crude oil prices advanced. Kazuhiko Saito, a commodity strategist at Interes Capital Management, said: The gain overnight in oil prices is a very supportive factor for commodities such as platinum today. Click here for more information.
Read the full article: "Platinum gained for a second day in Tokyo"
Thursday, August 21, 2008
Northam Platinum has bought the Booysendal platinum project in a move that will boost production of platinum group metals to more than 700,000 oz a year by 2015. Derek Wolstenholme, Corporate Finance Manager at Northam Platinum, told Reuters: Production would be “slightly more” than double what it is now. For more information, click here For company’s website, click [...]
Read the full article: "Northam to boost platinum production"
Wednesday, August 20, 2008
Anglo Platinum reported that two workers lost their lives in accidents at its mines in South Africa. Simone Tebele, Anglo Platinum’s spokesman, said: One worker died at Mogalakwena on Aug. 16 and another died at Amandebult yesterday. For more information, click here
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Wednesday, August 20, 2008
Platinum futures in Tokyo jumped on expectations that rising inflation will drive up investor demand for the commodity as a hedge. For full news, click here
Read the full article: "Platinum futures jump on rising inflation"
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Friday, August 29, 2008