platinum prices

VWJettaSportwagenTDI

How the Volkswagen Scandal Is Crushing Platinum

The scandal swirling around Volkswagen will inevitably have an impact on other diesel vehicle makers. VW’s claims of a clean diesel engine now appear to be based on little more ...
Read Full Story »
486573571

Seven Commodities With Collapsing Prices

Earlier this year, the International Energy Administration (IEA) and Bank of America both said that the United States has become the world's largest oil producer, passing Saudi Arabia and Russia. ...
Read Full Story »
Platinum bars

What to Think When Platinum Prices Go Lower Than Gold

Platinum is generally supposed to be worth more than gold per ounce. After all, it is more rare, considered more precious and harder to work with. That basic assumption changes ...
Read Full Story »
Platinum bars

South African Platinum Miners Launch Wildcat Strike

South African miners at two platinum mines owned by Anglo American PLC’s Anglo American Platinum subsidiary (known as Amplats) have begun a wildcat strike, demanding that the company lift its ...
Read Full Story »
Offshore drill rig

FOMC Cools Interest in Precious Metals, Crude Holds On for Now

Gold trading closed for the day shortly before the FOMC announcement that the Fed forecast for 2013 growth had slipped, but that the central bank expects unemployment to reach a ...
Read Full Story »
Platinum bars

Platinum Price Forecast Lowered

Analysts at HSBC have lowered their 2013 average platinum price forecast to $1,710 an ounce, a drop of 7.6% from a previous estimate of around $1,840. Earlier this year, demand ...
Read Full Story »
Gold and Silver

Why Value Investors Must at Least Start to Look at Mining and Metals Stocks

There are a variety of ways to invest in precious metals. Buying gold or silver bars and coins is one. Exchange traded funds (ETFs) are another. A third way is by investing ...
Read Full Story »
old mining hardhat with head light

Precious Metals: The Next Year of Palladium

For the year to date, the price of palladium has risen by a majestic 1.3%. That may sound paltry, but the metal’s performance beats its brother platinum, which has fallen ...
Read Full Story »
Platinum bars

Cut to Platinum Production Hits Stillwater Mining and ETF Shares

South Africa’s Anglo American Platinum Ltd. (known as Amplats), the world’s largest platinum miner and a division of Anglo American plc, said today that it plans to reduce production by ...
Read Full Story »
underground mining

Platinum Miner Shareholders Elect Former Montana Governor to Board

The Clinton Group, a hedge fund with a stake of slightly more than 1%, succeeded last night in electing four of its nominees to the board of Stillwater Mining Co. ...
Read Full Story »
Platinum bars

A Platinum Cartel in the Works

Platinum prices have fallen nearly 10% from their 2013 highs in early February. Palladium prices are off as well, but the drop is just 3.6%. This is not good for ...
Read Full Story »
Platinum bars

U.S. Platinum Miner Hammers Estimates, Faces Challenge from Investor

Stillwater Mining Co. (NYSE: SWC) reported fourth-quarter and full-year 2012 results before markets opened this morning. The platinum and palladium miner posted quarterly earnings per share (EPS) of $0.46, compared ...
Read Full Story »
Platinum bars

Lower Platinum Supply, Higher Prices in Store

The price of platinum is expected to average about $1,770 an ounce in 2013, its highest price since 2011. The price spike is due almost entirely to the closure of ...
Read Full Story »
Platinum bars

Platinum Not Likely to Continue Challenging Gold Price

Platinum prices jumped last week following an announcement from Anglo American plc that it would shut down several of its South African mines, ultimately removing about 400,000 ounces of the ...
Read Full Story »

Platinum Tanks on Lonmin Strike Resolution News (PPLT, PALL, GLTR, PLG, SWC, GLD, SGOL)

Platinum is taking a very serious, and likely long overdue, breather this Tuesday. Reuters has reported that the highly troubled mine under Lonmin in South Africa is going to have ...
Read Full Story »