Mining Weekly reported carmakers will use $7-billion worth of platinum in catalytic converters next year, diminishing overstock as production declines.
Continue reading "Platinum Use in Cars Expected to Increase to $7 Billion"
Tuesday, October 11, 2011
IBTimes reported platinum prices have suffered from significant sales pressure in recent weeks as concerns about the global economy grow.
Continue reading "Further Downside Risks to Platinum Price"
Tuesday, October 11, 2011
IBTimes reported platinum prices could rise next year if North American trucking companies proceed with plans to buy new vehicles, UBS said.
Monday, August 30, 2010
Platinum prices hovered around US$1,530 per ounce again Monday. Stuck between US$1,500 and US$1,600 since mid-May, analysts are predicting demand for platinum – used in everything from cars, to computers and cell phones – could be heating up and prices could be on the rise.
Continue reading "Platinum Riding High"
Wednesday, August 6, 2008
Auto market woes extend to platinum, pushing it to a six month low. It was just last March that platinum reached a record high of $2,290 per ounce- as power shortages in primary producer South Africa disrupted mining and triggered supply worries. Now, platinum has gone through a catastrophic drop as poor auto sales plague the market.
Continue reading "Platinum Plummets"
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Thursday, December 15, 2011