According to Johnson Matthey 2010 study of the Platinum group metals (PGM) has reported that demand of platinum is expected to fall in China and Japan. The study has recorded a fall of 39 percent in platinum demand. This is a contraction of 1.43 million ounces in gross demand of platinum in the auto sector [...]
Aquarius, the world’s fourth-leading producer of platinum, will benefit from surged demand for the metal in the second half of 2009, it has been claimed. For full story, click here
Platinum prices are expected to tick up in 2010 as a bottoming out of the economic slump leads demand for the white metal to stabilise. For full story, click here
A proposal for the first-ever U.S. exchange traded platinum fund would give the white metal a shot in the arm and fill some of the void left by lower demand from the beleaguered auto sector. For full story, click here
Platinum futures dipped in New York on speculation that demand for the metals will remain slack as a recovery in the global economy will be subdued. For full story, click here
Platinum headed for its first monthly dip since October as demand from the auto industry slumped, cutting consumption of the metal used to make catalytic converters. For full story, click here
Metals consultancy GFMS stated that platinum and palladium will take little support from their fundamental drivers in 2009 as industrial demand stays weak, but a rally in gold could spark a temporary uptick in prices. 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
Platinum rose to a six-month high in London on speculation that improving auto sales and a potential new exchange-traded fund will rise demand for the metal. Afshin Nabavi, a senior vice president at MKS Finance SA, stated: News on the potential ETFs and of course car sales data out of China. For full story, click [...]
The price of platinum has touched a low of $763 an ounce at the end of October last year, although rising demand has been tempered slightly in the last few months by the effect of the credit crunch. For full story, click here
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