Platinum has shed 45 per cent of its value in just nine months. Last Friday the spot price of platinum hit a low of $812.75 per oz. Now, for this first time in 12 years gold has surpassed platinum in value.
Continue reading "Gold exceeds platinum in value"
Tuesday, December 16, 2008
Falling global platinum prices are threatening the viability and survival of Zimbabwe’s largest platinum producer, Zimplats, the company warned. For full story, click here
Continue reading "Falling platinum prices threaten Zimplats survival"
Tuesday, December 16, 2008
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
Continue reading "Zimbabwe’s biggest platinum mine says survival under threat"
Monday, December 15, 2008
On the London Platinum Market, platinum gained to $876 an ounce at the late fixing from $812 a week earlier. For full story, click here
Continue reading "Platinum gained to $876 an ounce"
Wednesday, December 3, 2008
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
Continue reading "Platinum rises after losing as much as 9.4 percent"
Tuesday, December 2, 2008
The world’s third-largest platinum producer, may cut as many as 5,400 jobs, or about 17 percent of its workforce, after prices plunged. For full story, click here
Continue reading "Lonmin May Cut 5,400 Jobs After Platinum Declines"
Tuesday, December 2, 2008
On the London Platinum Market, platinum gained to $876 an ounce at the late fixing from $812 a week earlier. For full story, click here
Continue reading "Platinum gained to $876 an ounce"
Monday, December 1, 2008
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
Continue reading "Spot platinum quoted at $860.50/880.50 an ounce"
Friday, November 28, 2008
The correction for many commodities seems overdone. Platinum is materially below the marginal cost of production. For full story, click here
Continue reading "Platinum below marginal cost of production"
Tuesday, November 25, 2008
Impala Platinum Holdings Co. jumped 10 percent to $10.53. For full story, click here
Continue reading "Shares of Impala Platinum jumps"
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Tuesday, December 16, 2008