Tag - PGMs

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Tuesday, May 17 2016

LPPM - The London Platinum and Palladium Market

To coincide with London Platinum Week, this article looks at the relatively low-key organisation known as the London Platinum and Palladium Market (LPPM), and associated entities such as the London Platinum and Palladium Fixing Company (LPPFC), as well as the more recent platinum and palladium fixings, which are now administered by the London Metal Exchange (LME) on behalf of the London Bullion Market Association (LBMA).

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Top Palladium Miner Rebuffs Risk of Tesla Electric Car Boom

The rise of Tesla Motors Inc.’s electric cars won’t be enough to change the market for conventional vehicles or dent demand for the precious metals used to filter exhaust fumes, according to GMK Norilsk Nickel PJSC.

The lack of infrastructure to charge them and the pressure on power grids means that in the long term, the vehicles may comprise just 15 percent of the total auto market,

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Palladium and platinum to fall short of highs this year

Prices of precious metals platinum and palladium are likely to peak this year, as the market lacks the support that gold draws from investors, a survey said on Monday at the start of London’s annual platinum week.

Both metals, which are used in auto catalysts as well as in jewellery, are likely to fall short of their 2014 highs, according to Metals Focus, a leading metals consultancy.

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Monday, May 16 2016

Platinum Group Metals Survey 2016

Platinum Group Metals Survey 2016

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Tuesday, September 8 2015

Platinum fundamentals still look positive

The World Platinum Investment Council (WPIC) has announced the publication of its fourth Platinum Quarterly – an independently-researched, freely-available, quarterly analysis of the global platinum market. The report incorporates analysis of platinum supply and demand during the second quarter of 2015.

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Sunday, August 30 2015

South Africa mine industry job plan targets platinum as central bank reserve asset

South Africa's mining industry, unions and the government have committed to a broad plan to stem job losses, including boosting platinum by promoting the metal as a central bank reserve asset, according to a draft agreement seen by Reuters on Wednesday.

The draft agreement lays out 10 wide interventions including getting the BRICS group of emerging nations to hold "platinum as a reserve asset" - like gold - in their central banks. Brazil, Russia, India, China and South Africa comprise the BRICS.

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Wednesday, August 19 2015

Platinum ETFs see surge in cash

At a time when investors are bailing on most commodities, money is steadily flowing to platinum funds.

Exchange-traded products tracking the metal have seen assets rise to 88.6 metric tons, near a one-year high and about 1% from a record, data compiled by Bloomberg show. Funds in South Africa, where most of the world’s platinum is mined, saw the biggest increase in assets.

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Friday, August 14 2015

South African Platinum Industry: Where has it all gone wrong?

While the platinum miners have indeed talked about cutbacks and closures, they have so far fallen short of implementing them due largely to union and government opposition. But Lonmin, as the weakest link in the chain, does look as though it will be the first to move to cut output.

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Tuesday, May 19 2015

LPPM WEEK – Russian government holding 3moz of platinum, 6.5moz palladium

Christian said that CPM Group estimates that at the end of 2014, there were 12 million ounces of refined platinum in above ground stocks.

He also estimates that there are around 25 to 26 million ounces of refined palladium in above ground inventories.

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Monday, May 18 2015

Goldman Cuts Platinum, Palladium Forecasts For 2015, 2016

Goldman forecast the platinum price will stand at $1,175 a troy ounce at the end of 2015 , 6% down from its previous forecast of $1,250 an ounce. For the end of next year, it sees a slight recovery to $1,225 – but still 9% lower than its previous forecast.

The bank sees palladium prices at $822 an ounce at the end of this year, versus $863 previously, and $900 an ounce next year, down from $988.

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Friday, May 15 2015

GFMS Platinum & Palladium Survey 2015

Platinum price to remain under pressure due to abundant stocks in spite of deficits in both 2014 and 2015; palladium price to pause in its long-term bull run

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Wednesday, April 22 2015

Platinum: The Best Buy in the Metals Sector

Precious metals are often misunderstood in the investment world.

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Monday, March 30 2015

Platinum & Palladium 2015 Outlook

Philip Klapwijk @ Mines and Money - Hong Kong

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Wednesday, March 18 2015

Perth Mint platinum coin sales surge

“The last two years in platinum have been terrible,” Neil Vance, wholesale manager at the mint, said by phone from Perth on Wednesday. “Suddenly when platinum, a more exotic style of metal, becomes cheaper they buy platinum. They see it as an opportunity, it’s perceived better than going with gold when it drops under the gold price.”

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Tuesday, March 17 2015

Platinum Supply and Demand

The platinum supply and demand dynamic is currently in deficit.

Like silver, platinum demand is up and supply is down – yet the price has been falling.

Rarer than gold with growing industrial demand, platinum has been trading below the price of gold all year.

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Tuesday, February 24 2015

Platinum price puzzles

So in platinum, all is not what it seems on the surface. We may be in a period of substantial supply deficit, but as long as there remains considerable stockpiles and metal held in the ETFs, assuming the estimates are largely correct, there appears to be no real shortage in the global industrial marketplace. So predictions of good price increases this year because of the perceived supply/demand balance may just not come about.

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Tuesday, January 13 2015

Platinum to palladium shortages seen persisting

Platinum and palladium supply probably will fall short of demand for a fourth year in 2015 as more usage in vehicles helps compensate for rebounding South African mine output, according to Johnson Matthey Plc.

Platinum demand will outpace supply by 1.13 million ounces this year and palladium’s deficit will be 1.62 million ounces, according to a presentation of London-based Johnson Matthey’s platinum-group metals report. They would be the biggest shortfalls ever, based on data going back more than three decades for the metals.

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Tuesday, November 25 2014

Platinum to palladium shortages seen persisting

Platinum demand will outpace supply by 1.13 million ounces this year and palladium’s deficit will be 1.62 million ounces, according to a presentation of London-based Johnson Matthey’s platinum-group metals report. They would be the biggest shortfalls ever, based on data going back more than three decades for the metals.

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Wednesday, November 5 2014

Strong car sales, SA troubles set palladium price up for bull run

Palladium could be set for a near-term bull run on growing vehicle sales in the US and China as well as supply-side difficulties.

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Tuesday, November 4 2014

Platinum oversold as price tanks

So, while PGM-watchers haven't writen off more price pain, they tend to favour some bottom or near-bottom in the price of platinum forming at the moment. "While it is still hard to call a bottom, we think the selloff has largely run its course," Standard Bank's Charles De Wet recently remarked to the WSJ. Likewise, UBS has told clients that platinum below $1,300/oz is a "buying opportunity." And in the same vein, HSBC's James Steel said that at current prices the precious metal is oversold.

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