Platinum Group Metals News

Platinum group metals mining, investment and price news

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.

South Africa’s platinum miners to resume working

Cecilia Jamasmie | June 24, 2014
South Africa’s platinum miners to resume working

The three-year agreement ends the country's longest and costliest strike.

South African court rules gold miners not allowed to strike

Cecilia Jamasmie | June 23, 2014
South African court rules gold miners not allowed to strike

The union leading the five-month strike in the platinum sector take any industrial action affecting gold producers.

Platinum, palladium prices slide despite stalled strike deal

Frik Els | June 20, 2014
Platinum, palladium prices slide despite stalled strike deal

Palladium falls 2% while platinum retreats to pre-strike levels.

South Africa divided over controversial mineral law reforms

Cecilia Jamasmie | June 19, 2014
South Africa divided over controversial mineral law reforms

The country's ’s new mineral resources law, which is awaiting the President’s signature, faces growing opposition as the mines minister, industry and opposition seek review.

Anglo to sell platinum mines in South Africa next year— report

Cecilia Jamasmie | June 17, 2014
Anglo to sell platinum mines in South Africa next year— report

Deutsche Bank has put a $1.4 billion price tag on the operations.

South Africa teeters towards recession on labour dispute

The Northern Miner | June 15, 2014

The latest attempt to end South Africa’s 21-week platinum strike has failed, pushing the country towards a recession and increasing the odds the sector will be smaller and more mechanized when it eventually resumes operations.

Palladium price within striking distance of record high

Frik Els | June 10, 2014
Palladium price within striking distance of record high

A surge in ETF buying lights fire under palladium futures while platinum jumps past pre-strike levels .

Platinum, palladium price unmoved by strike talks failure

Frik Els | June 9, 2014
Platinum, palladium price unmoved by strike talks failure

South Africa's mines minister quits mediation role after latest negotiations to end more than 4-month old strike go nowhere.

Peter Schiff - Euro Pacific Precious Metals

The platinum supply shock

platinum-through-history

Even investors who typically eschew precious metals have been hard-pressed to ignore the platinum industry this year.

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