Tag - Palladium
Friday, January 24 2020
By GCRU Gold News on Friday, January 24 2020, 22:48
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The body charged with overseeing London’s palladium market has issued a stern warning to its members to ensure trading still functions as it should, as fears grow over a chronic shortage of the metal used in catalytic converters.
Monday, January 20 2020
By GCRU Gold News on Monday, January 20 2020, 04:55
A squeeze in ready availability of automotive metal palladium has driven up already record-high prices by 25% in just two weeks, accelerating a four-year rally and stoking expectations for further gains, analysts said.
Thursday, December 19 2019
By GCRU Gold News on Thursday, December 19 2019, 04:18
Palladium prices are within a whisker of breaking above $2,000 an ounce for the first time, with a gaping supply deficit fuelling a remarkable run that has seen the autocatalyst metal more than quadruple in value since 2016.
Friday, October 4 2019
By GCRU Gold News on Friday, October 4 2019, 04:46
Shortages of metal eased this summer, causing prices to dip, but auto manufacturers, who account for 80% of palladium consumption, have ramped up purchases in recent weeks, Mitsubishi analyst Jonathan Butler said.
“Over the next 12-18 months we are probably going to see $2,000 in range,” he said.
Thursday, August 1 2019
By GCRU Gold News on Thursday, August 1 2019, 13:17
Once by far the more expensive of the two metals, both primarily used in vehicle exhausts to reduce harmful emissions, platinum’s market value has halved since 2011.
It has faced weakening demand and oversupply, while an acute deficit has more than tripled the cost of palladium since 2016.
Saturday, December 30 2017
By GCRU Gold News on Saturday, December 30 2017, 00:33
Palladium the out-performer.
Wednesday, May 18 2016
By GCRU Gold News on Wednesday, May 18 2016, 00:24
Investor appetite for palladium-backed exchange-traded funds is failing to pick up after a dismal 2015, pointing to another difficult year for the metal despite the prospect of a deepening supply deficit.
"It is a big concern," Julius Baer analyst Carsten Meneke said. "Palladium had been a consensus bullish call for quite some time, and our fear was always what would happen if investors lost patience with that call."
Thursday, April 9 2015
By GCRU Gold News on Thursday, April 9 2015, 22:42
Critical item for the global platinum-group metals market this week. Suggesting that big changes may be ahead for buying and pricing in this space.
Major Russian PGM miner Norilsk said in an interview that it is creating an investment fund to buy palladium. Looking to consolidate much of the world’s privately-held stock of the metal under one umbrella.
Norilsk’s head of strategic marketing, Anton Berlin, told Bloomberg that the planned palladium fund will be of significant scale. With managers looking to buy up to $2 billion worth of the metal.
Tuesday, January 20 2015
By GCRU Gold News on Tuesday, January 20 2015, 10:08
The lowest oil prices in five years and cheap bank loans are helping to extend a rebound in automobile sales that began in 2009, boosting demand for everything from catalytic converters to Alcoa Inc. (AA:US)’s aluminum sheets and Goodyear Tire & Rubber Co.’s wheels. Even after palladium prices soared to a 13-year high in September, Morgan Stanley and Deutsche Bank AG remain bullish because car parts account for 70 percent of the metal’s use.
Saturday, November 22 2014
By GCRU Gold News on Saturday, November 22 2014, 12:20
The volume of palladium in Gokhran’s reserves is a state secret, but it holds one of the world’s biggest gold and currency reserves of around $460 billion, Reuters reported. By doling some of this out to Norilsk, Putin could help Potanin, a loyal ally, and help himself by boosting Norilsk’s ability to turn a profit in what is sure to be a brutal Russian economic landscape in 2015. By acquiring more gold and platinum and selling it to his friends in Russian industry, Putin’s finance ministry can then artificially boost the bottom lines of other Russian industrial giants. Palladium, of course, will need to be in supply deficit as Potanin is predicting it will be.
Monday, October 13 2014
By GCRU Gold News on Monday, October 13 2014, 13:02
BMO Capital Markets made waves last week with the announcement that it’s lowered its price expectations for gold, silver and platinum.
That’s bad news for precious metals investors, but luckily there’s still one such metal that the firm believes will do well. That, of course, is palladium.
Wednesday, October 1 2014
By GCRU Gold News on Wednesday, October 1 2014, 01:08
AfricaPalladium has attracted 560 000oz of palladium valued in excess of R5 billion from investors since its inception on 24 March, 2014, on the Johannesburg Stock Exchange (JSE).
Tuesday, September 23 2014
By GCRU Gold News on Tuesday, September 23 2014, 08:59
Palladium is an element is used in electronics, fuel cells, and is important in filtering harmful gasses from exhausts into less harmful substances. In the past couple of months, we have seen commodity prices fall across many asset classes. Gold, silver, copper, oil, dairy etc. Palladium prices have been falling sharply as well. In the daily chart we can see that most of the year was bullish for Palladium, rising from a low on the year at 693.50 to 910.30. After this 30% gain prices fell to about 800 today (9/22), fading about 12% in September. Maybe we can expect some consolidation around 800?
Friday, September 12 2014
By GCRU Gold News on Friday, September 12 2014, 11:43
Mike Kane, CEO of Hedgeable, explains why palladium may be overtaking gold as the most attractive precious metal for investors, what it means, and why it is not necessarily just a temporary fixture.
Wednesday, September 10 2014
By GCRU Gold News on Wednesday, September 10 2014, 13:07
When it comes to the metals complex, it's not been that great of a year for Gold or Silver. On the flip side, Palladium has had a very good year. It was up near 25% YTD a couple of weeks ago.
Of late, Palladium is breaking a support line that has been in place the past 9 months. I am of the opinion it pays to watch leadership. Keep a close eye here on Palladium price action over the next few weeks.
Saturday, August 30 2014
By GCRU Gold News on Saturday, August 30 2014, 00:03
Supply of autocatalyst metal palladium from Russia is expected to fall 2 percent this year, GFMS analysts said on Friday, but the impact of potential sanctions over the Ukraine conflict is likely to be minimal.
Speculation that the stand-off between Moscow and the West over Ukraine could hurt output from Russia has helped prices of the metal hit 13-1/2 year highs this month at $905 an ounce. Russia is the number one source of palladium, accounting for more than 40 percent of supply last year.
By GCRU Gold News on Saturday, August 30 2014, 00:01
Palladium was the star performer in the precious metals complex on Friday, with further supply concerns in an already strong demand environment pushing the metal above $900 for the first time in 13 years.
The metal has been toying with this psychological level for weeks and only managed break through on the current climate of uncertainty over Russian supplies.
Saturday, August 23 2014
By GCRU Gold News on Saturday, August 23 2014, 00:39
While everyone is staring at gold, one surprising precious metal is trouncing it: palladium.
The metal is up 22 percent this year, and earlier this week, it made 13-year highs as it broke above $900 per troy ounce. Gold, meanwhile, is only up 5 percent in 2014.
Monday, August 18 2014
By GCRU Gold News on Monday, August 18 2014, 23:46
Palladium hit $900 a troy ounce on Monday for the first time since 2001, taking this year’s price gain to 25%.
The precious metal has benefited from real and potential supply disruptions in South Africa and Russia, the two main producing countries.
Thursday, August 7 2014
By GCRU Gold News on Thursday, August 7 2014, 05:46
The top performing precious metal of 2014 is beginning to come under pressure.
Since reaching its highest level in almost 14 years three weeks ago, palladium, used in catalytic converters that clean car exhausts, has dropped more than 4 per cent. It fell as much as 0.9 per cent to $835.90 a troy ounce on Wednesday, underperforming sister metal platinum as well as gold and silver.
Analysts say there is no fundamental reason for the recent weakness other than profit-taking by investors who have built large positions in palladium, a byproduct metal produced from platinum and nickel mines.