Anglo American shares up
Anglo American climbed 6.50 rand, or 2.8 percent, to 235. For full story, click here
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Platinum prices have fallen from a high
Tuesday, January 27, 2009
Platinum prices have fallen from a high around $2250/ounce to about $955/ounce. For full story, click here
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Platinum rebounds despite poor fundamentals
Tuesday, January 13, 2009
Platinum rebounded early in ’09, and came back into the four digits, the metal’s highest value in over 12 weeks. In 2008 the metal went on a wild ride, hitting a peak of $2,290 per ounce, and then came crashing down to a three digit value. Despite the metal starting the year on a good note, RBC capital markets has cut its platinum price forecast for the next two years.
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Decline in global jewellery demand for platinum
Friday, December 26, 2008
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
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Demand for platinum will be fuelled up
Thursday, December 25, 2008
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
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Gold exceeds platinum in value
Tuesday, December 16, 2008
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.
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Greenback’s gain triggers precious metals sell-off
Tuesday, December 2, 2008
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.
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Anglo Platinum jumped 4.78 percent
Wednesday, November 26, 2008
Platinum miner, Anglo Platinum jumped 4.78 percent to 438 rand, Impala Platinum surged 10.47 percent to 115 rand while Lonmin collected 3.17 percent to 130 rand. For full story, click here
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Platinum Prices Sink on Auto Industry Woes
Monday, November 24, 2008
Prices for platinum, which 18th-century French monarch Louis XV is said to have called the only metal fit for a king, have fallen 66 percent from their high in March of $2,276 per ounce to as low as $769 last week. For full story, click here
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Platinum miner Anglo Platinum slumped 28.98 rand
Thursday, November 20, 2008
Platinum miner Anglo Platinum (AMS) slumped 28.98 rand, or 6.34%, to 428.02 rand and Impala Platinum (IMP) was off 2.68 rand, or 2.34%, to 111.87 rand, but Lonmin (LON) added 2.17 rand, or 1.57%, to 140 rand. For full story, click here
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- Nortec – mineral exploration and development in Finland, Canada, and Ecuador
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Monday, February 2, 2009