Platinum Group Metals News

Platinum group metals mining, investment and price news

INFOGRAPHIC: A year's extraction of metal shown next to landmarks and cities

Visual Capitalist | September 25, 2014
A years extraction InfoGraphic Penn2

For thousands of years of development as a species, humans never really needed to understand the real meaning behind big, unreachable numbers such as billions or trillions.

Frik Els

$8bn mining private equity needs to be spent. And soon

Frik Els | September 14, 2014
$8bn mining private equity needs to be spent. And soon

Countercyclical investors sitting on $8 billion unspent funds have been waiting for clear signs of a market bottom. The wait may well be over.

Heavy precious metal shorting is bullish

Adam Hamilton - Zeal Intelligence | September 12, 2014
finance-trader-happy-vintage.jpg

The ironic thing is that futures speculators fantastic Q2 2013 gold-downside bet hasn’t worked very well since then.

Anglo American chief not going for any major corporate split

Cecilia Jamasmie | September 7, 2014
Anglo American chief not going for any major corporate split

A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.

Frik Els

Glasenberg pooh-poohs Anglo takeover

Frik Els | September 3, 2014
Glasenberg pooh-poohs Anglo takeover

There's a history there of course. Just ask Mick Davis.

PGM roller coaster ride: long way down

Frik Els | September 2, 2014
Palladium price roller coaster ride: long way down

Palladium drops sharply from 13-year highs. Sister metal platinum close to wiping out 2014 gains.

Palladium price sets fresh 13-year high

Frik Els | August 29, 2014
Palladium price sets fresh 13-year high

But platinum slide continues despite Ukraine escalation.

Report: Worst is surely over for explorers

Frik Els | August 25, 2014
Report: Worst is surely over for explorers

Capital raising for exploration up more than 32%.

U.S. Mint platinum coins bypassed in rush for gold

Bloomberg | August 21, 2014

Gold and silver have value as hedges against a devaluation of the dollar, while platinum is viewed as an industrial commodity.

Platinum, palladium prices are tanking

Frik Els | August 20, 2014
Platinum, palladium prices are tanking

Supply fears have pushed prices higher, but industry worries are shifting to softening demand.

Palladium skyrockets on Russia tensions, hits 13-year high

Cecilia Jamasmie | August 18, 2014
Palladium skyrockets on Russia tensions, hits 13-year high

It hit $900 a troy ounce for the first time since 2001.

Harmony Gold mine’s reboot fraught with difficulty – CEO

mineweb - daily news headlines | August 16, 2014

The rebooting of its Kusasalethu mine provides a stark warning for those banking on South Africa's platinum sector making a swift recovery.

$180bn investment for Africa infrastructure through 2025

Frik Els | August 7, 2014
$180bn investment for Africa infrastructure through 2025

Still only 2% of global spending on infrastructure projects according to new report.

Vale Q2 profit down on weak prices from iron glut

Jeffrey Richmond | July 31, 2014
vale profit down in q2 on iron oversupply, weak prices feat

Write-downs also hurt bottom line, yet production robust.

China's war on pollution to push palladium higher still

Frik Els | July 29, 2014
China's pollution problem to push palladium higher still

China produces 20 million vehicles a year and has to double the average palladium load to catch up with US emissions standards.

Industry experts discuss growing minerals demand in committee hearing

MINING.com Editor | July 26, 2014
Industry experts discuss growing minerals demand in committee hearing

Better access to US minerals would encourage manufacturers to return.

Anglo American platinum names mines to be sold

Cecilia Jamasmie | July 21, 2014
Anglo American platinum names mines to be sold

The mines account for over half of the company's workforce but only a quarter of production.

Anglo American platinum production down 40% after S. Africa strike

Cecilia Jamasmie | July 17, 2014
Anglo American platinum production down 40% after S. Africa strike

Output from the rest of Anglo's diversified mining assets rose, but it wasn't enough to offset underperformance at its platinum mines.

Amplats expects severely lower profits after five-month strike

Cecilia Jamasmie | July 15, 2014
Amplats expects severely lower profits after five-month strike

The firm warned first-half profit may drop as much as 96%.

South African metal workers 'to escalate' strike

Cecilia Jamasmie | July 13, 2014
South African metal workers 'to escalate' strike

The National Union of Metalworkers in South Africa (NUMSA) has rejected the latest offer because it didn't include a double-digit wage increase for all three years.

A quiet steady week that sets us up for strong action now

Silver to 100 dollars

We didn’t see a lot of large moves.

Increased globalization comes with unique risks and challenges

info@mineralsmakelife.org | July 1, 2014
gold-plated iPhone5

The United States’ duplicative permitting process is a deterrent to investors.

Sibanye Gold mulling move into platinum industry by year-end

Cecilia Jamasmie | June 30, 2014
Sibanye Gold fine-tunes details for Anglo’s platinum assets buyout

South Africa’s top gold producer is said to be going ahead with plans to expand into the country’s platinum sector before the end of the year.

Anglo American goes ahead and puts platinum mines, other assets up for sale

Cecilia Jamasmie | June 30, 2014
Anglo American goes ahead and puts platinum mines, other assets up for sale

The firm is offloading some of its historic South African platinum mines as part of a $4bn sale of under-performing assets.

Hedge funds add record 61% to bullish gold bets

Frik Els | June 29, 2014
Not just the smart money getting into gold

Smart money playing catchup after three weeks of gold price gains add record number of net long positions for the week to 12.1 million ounces.

Strike is over but platinum, palladium prices have plenty upside

Frik Els | June 28, 2014
Strike is over but platinum, palladium prices have plenty upside

New report says risks to supply remain substantial.

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