Writing for Sprott Inc. (TSX:SII), David Franklin reported that investors in platinum stocks have been selling their shares over the last month and a half on the back of fears that the sector is in "terminal decline." He believes that the way forward for investors is to invest in the metal itself.
Rule explains why investing in PGMs may be better than silver or gold in the near term.
A brief overview of platinum price developments, supply and demand and significant market movers.
A brief overview of platinum price developments, supply and demand and significant market movers.
A brief overview of platinum price developments, supply and demand and significant market movers.
The Street reported platinum prices are up $22 on Monday.
Bloomberg reported Lonmin Plc (LSE:LMI) won support from shareholders for a proposed $817 million stock sale aimed at helping it avoid breaching pledges to creditors.
Mining Weekly reported Eastern Platinum (TSX:ELR,LSE:ELR) lost more in the third-quarter on lower prices and lowered production.
Bloomberg reported South Africa’s Finance Minister Pravin Gordhan said the country's credibility with investors has been hurt by platinum strikes and two credit downgrades.
Reuters reported platinum is expected to ramin in a deficit through the next few years, pushing prices higher.
Get our independent commentary on platinum trends and companies delivered to your inbox.
