Platinum jewellery demand surges due to fall in metal price
Consumers are increasingly turning to platinum jewellery in preference to gold as a result of the precious metal’s recent fall in price, it has been revealed. For full story, click here
Articles Tagged "demand"
Platinum ETF’s in popular demand
Platinum is a rare commodity which is facing a price crash in the recent past despite gold’s soaring demand. However, platinum remains a favourite metal for investors to put their money in. But several investors are not aware of platinum exchange traded funds, which are becoming popular among investors in foreign nations now. For full [...]
Platinum’s rebound puzzles analysts
Platinum has bounced more than 30 percent since plunging to a five-year low of approximately $732 an ounce in October. This ascent is occurring despite the absence of physical buying from the industrial sector. This rebound, without appropriate technical recovery is puzzling analysts.
Decline in global jewellery demand for platinum
Rising prices and a global recession have led to a 2.3 per cent decline in global jewellery demand for platinum to 6.52 million oz this year. For full story, click here
Demand for platinum will be fuelled up
Demand for platinum will be fuelled up by the new Euro 5 light duty vehicle emissions rules that mandates the use of diesel particulate filters in Europe and by continued growth in vehicle production in China. For full story, click here
Platinum inched up
Platinum inched up, tracking gains in gold, despite more bad news from the car industry, the main consumer of both metals. For full story, click here
Spot platinum quoted at $860.50/880.50 an ounce
Spot platinum quoted at $860.50/880.50 an ounce, slightly up from $853 late on the earlier session. The industrial precious metals have suffered more from the economic downturn than gold, with platinum and palladium, which are chiefly used in catalytic converters, both dropping significantly from their summer highs. For full story, click here
Zimbabwe’s biggest platinum mine says survival under threat
Zimbabwe’s biggest platinum mine Zimplats on Tuesday warned its survival was under threat and expected significant losses due to the fall of metals on the international market. For full story, click here
Platinum rises after losing as much as 9.4 percent
Platinum rose after losing as much as 9.4 percent and on expectations for reduced supply offset concerns about falling demand from the global automotive industry. For full story, click here
Johnson Matthey analyst ‘optimistic’ for 2009 platinum demand
A senior figure at platinum refiner Johnson Matthey explained that there is little chance that demand for platinum will plummet next year. For full story, click here
