Reuters Africa is reporting that China has offered significant capital in exchange for access to Zimbabwe’s platinum reserves. The article is quoted as saying: Zimbabwe, with an estimated $6 billion yearly economy, has the world’s second largest platinum reserves after South Africa. To read the full article, click here.
Commodity Online.com reports that increased demand from the auto industry will push prices up for platinum and palladium in the next year.
Platinum today reports that in celebration of Queen Elizabeth's jubliee, there will be medals pressed in both platinum and palladium
Bloomberg.com reports that China is offering Zimbabwe $3bln in order to gain control over key platinum mines and diamond fields.
Business North.com reports that , after having met regulatory approvals, the PolyMet (TSE:POM) project in Minnesota will advance
The Zimbabwe Independent reports that China has offered $3bln US for platinum reserves, which is stirring controversy
Finextra.com reports that Fidor is entering into a partnership with physical bullion company GoldMoney
The Business Standard.com reports that the Ethiopian government is hopeful that India will make use of its' untapped resources, including Platinum.
Reuters.com reports that palladium is expected to outperform other precious metals, including platinum, but will not reach the heights of 2010.
Bloomberg.com reports that Industrial and Commercial Bank of China has begun paper trading for platinum
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