Articles Tagged "platinum producer"

Platinum Riding High

Platinum prices hovered around US$1,530 per ounce again Monday. Stuck between US$1,500 and US$1,600 since mid-May, analysts are predicting demand for platinum – used in everything from cars, to computers and cell phones – could be heating up and prices could be on the rise.

Platinum Sales Drop, SA Miners Hurt

Though platinum prices have near doubled to 1350/oz this week from a low of 732/oz last October, for the miners in South Africa, it is still an uphill task. The SA government's talks to takeover ownership of mines could potentially scare off investors. How will the platinum producers operate in a constrained environment?

Greenback’s gain triggers precious metals sell-off

The sharp retreat of the stock market, combined with a higher US dollar has triggered a broad sell-off in the precious metals. Spot platinum slipped to a session low of $794.50 an ounce, down 8.8 per cent from $871.50 an ounce late on Friday.

Battered platinum gets some relief

Platinum prices advanced further Tuesday after surging oil prices boosted the precious metal’s appeal as a hedge against inflation. Overall weakness in the dollar, the recovery in equities and fresh optimism over the economic outlook sparked buying of commodities in earlier trade.

Platinum gets hit by double whammy; plunges

It was a tough day on the markets for the precious metals. Platinum plunged the furthest, at 6 percent, while gold dropped more than 2 percent and silver by 5 percent. The drop was instigated earlier in the session as economic worries prompted Asian traders to sell off metals.

Economic threats push platinum down

Platinum plunged to its lowest point in over seven months as growing concern of economic slowdown reigned over diminishing supply. All precious metals were impacted this week as crude dropped and the US dollar gained some steam against the Euro and the Pound.