Platinum Australia Considers Partner for $170 Million Project
Bloomberg reported Platinum Australia (ASX:PLA)is considering a Chinese partner for its new $170 million project.
Bloomberg reported Platinum Australia (ASX:PLA)is considering a Chinese partner for its new $170 million project.
IBTimes reported rising Chinese purchases of platinum jewelry will boost global demand for the metal to a two-year high in 2011.
Bloomberg reported some Chinese stocks have had unusual moves the Shanghai Composite Index rose 20.20 points as the CSI 300 Index gained 0.7 percent.
Bloomberg reports that traders betting on gains in China’s biggest companies are pushing options prices to the most bullish level in almost two years.
Bloomberg reports silver trading in Shanghai will continue to increase on demand for a safe-haven investment.
Market Watch reports that pullback in commodities may not be all bad news for the region.
Platinum Group Metals Ltd. (TSE:PTM,NYSE:PLG) reports that its partner Wesizwe Platinum Ltd. (JSE:WEZ) has closed financing.
Emerging economies have growing appetites for luxury. Trends reveal that platinum jewelry is one category of goods that are increasingly included on the shopping lists.
The perfect storm has hit platinum in the wake of the Japanese earthquake and geopolitical events in the Middle East and North Africa regions. The impact of these events are specific to the platinum market in one regard: automotive demand. Nearly 40 percent of total platinum demand comes from the auto industry.
Mining Weekly reported that increasing investment into Africa's mining sector will likely be led by China.
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