Impala Platinum Holdings Ltd (IMP:JNB), world’s second-largest platinum producer, held a meeting with labour union the National Union of Mineworkers (NUM) and confirmed that although there are still 34 miners on strike, production of platinum is not affected. Click here to access the entire news
Continue reading "Implats’ Platinum Production Not Affected after Meeting with NUM"
Saturday, August 8, 2009
Bank of America Merrill Lynch declared that it has surged its forecast for platinum prices in 2010 to an average $1,350 an ounce from $1,250 previously, citing constraints to mine supply. For full story, click here
Continue reading "Bank of America lifted 2010 Platinum Price Forecast"
Friday, August 7, 2009
Bank of America Merrill Lynch declared that it has raised its forecast for platinum prices in 2010 to an average $1,350 an ounce from $1,250 previously, citing constraints to mine supply. For full story, click here
Continue reading "Bank of America lifted 2010 Platinum Price Forecast"
Tuesday, July 28, 2009
Anglo Platinum’s plan to add enough flexibility to its operations to be able to supply an extra 500000oz of platinum to the market if demand picks up will add an element of uncertainty to price forecasts. For full story, click here
Continue reading "Anglo Platinum is adding uncertainity to platinum price"
Tuesday, July 28, 2009
Platinum prices may climb above $1,500 an ounce “in the next couple of years” as demand recovers amid supply constraints in South Africa, the world’s biggest producer, as per Banc of America Securities- Merrill Lynch. For full story, click here
Continue reading "Platinum will surge to $1,500 on Supply Disruptions"
Monday, February 9, 2009
The Blue Ridge mine is expected to produce 75000 ounces of platinum a year. For full story, click here
Continue reading "Blue Ridge mine to produce 75000 ounces"
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
Continue reading "Demand for platinum will be fuelled up"
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.
Continue reading "Gold exceeds platinum in value"
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
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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.
Continue reading "Greenback’s gain triggers precious metals sell-off"
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Tuesday, May 25, 2010