July 1, 2012 Chinese palladium bar sees 2.1 percent decline The day’s biggest mover was Chinese palladium bar, dropping 2.1 percent to settle at CNY 141.00 ($22.18) per gram on June 28, 2012. Japanese palladium bar prices saw a 1.7…
June 29, 2012 Euroland bailout program spurs metals rally. Gold bumps up against $1,600 Base and precious metals continued to rally in New York trade after the EU moved "to break the vicious circle between banks and sovereigns" early on Friday.
June 28, 2012 Without safe haven support, gold charts point to $1,320 an ounce There’s "no semblance of a safe-haven" at the moment and "the technical profile of bullion is also weak."
June 25, 2012 Dr Caterpillar’s chart says the global economy is going to get much sicker. And soon But management of the equipment behemoth has stuck to their forecasts for a record-breaking year.
June 25, 2012 South Africa to up the rent because nationalisation would break the bank The African National Congress has proposed a tax to raise R40 billion: the Resource Rent Tax would take 50% of a mining company's profits that exceed 15% return on their…
June 25, 2012 Prophecy Platinum arranges $11.25 million non-brokered private placement The company is intending to sell 5 million units at $2.25 a share, proceeds of the placement intended to advance its flagship property in Canada's Yukon Territory.
June 22, 2012 Aquarius Platinum puts Everest Mine on care and maintenance Due to an platinum market that is an “abiding surplus”, the board at Aquarius Platinum (LON:AQP) placed its Everest mine on care […]
June 21, 2012 Billions wiped off metal stocks after China, EU and US deliver economic shocks The mining sector's bellwether companies were all beaten down on Thursday as the price of metals and minerals continued to slide and economic indicators from across the globe painted a…
June 21, 2012 Traders with Bernanke blues sell off metals, gold drops $50 The slide in the spot price of gold triggered by disappointment over the Fed's actions – or lack thereof – yesterday accelerated in Thursday trade with the precious metal giving up $50…
June 20, 2012 Barclays remains positive about PGMs, favours palladium Barclays Capital analysts say the pullback in platinum group metals since winter offers “attractive buying opportunities: "We expect palladium prices to average $700/oz in 2012 and platinum to average $1,622/oz."
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