Higher platinum prices are encouraging some in the catalytic converter industry to turn to palladium as a cheaper alternative, but increasing worldwide auto demand, especially for cleaner vehicles, will continue to drive platinum prices higher.
Johannesburg-listed platinum developer, Wesizwe Platinum Limited has announced that Jinchuan, China’s No 1 miner of nickel, and also platinum group metals (PGMs) including China Africa Development Fund, (CADFund) has signed a USD 877m agreement for a “total financing solution” in its Frischgewaagd-Ledig project, near the well known Sun City resort north of Pretoria. Wesizwe Platinum [...]
Building on a legacy of questionable involvement in Africa, the Chinese are at it again in Zimbabwe. For full story, click here
NYMEX July platinum PLN9 surged $52.20, or 4.4 percent, to $1,247.50 an ounce on optimism that China’s autocatalyst demand will increase. For full story, click here
Research and Markets has announced the addition of the “Research on China Tungsten Market and Xiamen Tungsten Co., Ltd.” report to their offering. For full story, click here
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