Platinum Group Metals News

Is platinum the new gold?
November 30, 2020
Gold’s rally has come to an end and the commodity has sold off from its August highs. Platinum on the other hand is up 14%…...

Platinum Attracts Buyers as Gold Rally Stalls
November 30, 2020
Platinum is attracting renewed curiosity as a worldwide push for cleaner vitality and waning demand for gold promise to raise demand for the steel. The…...

Palladium price looks primed for further gains as long-term trend plays out
November 27, 2020
Palladium supply/demand dynamic continues to benefit prices, with Q1 jitters now giving way to a bullish trend that could last throughout 2021 Palladium supply issues…...

Rhodium market has little ‘elasticity’ as price doubles in 2020
November 27, 2020
Rhodium prices have been surging in 2020 amid tight supply, but analysts doubt there will be a flood of new output from miners looking to…...

Hydrogen Week shows opportunity for platinum: WPIC
November 26, 2020
This week’s launch of the inaugural European Hydrogen Week highlights the opportunity for platinum stemming from the European Green Deal, according to an industry lobby…...

Platinum prices rise with global Hydrogen Fuel demand
November 26, 2020
This year has seen the rise of hydrogen fuel cell backers such as Nikola Corp and Plug Power, and recent entries from forward-thinking blue chips like Hyundai.…...

Record Investing Pushes ‘Industrial’ Silver and Platinum into Deep Deficits
November 25, 2020
RECORD investment in silver and platinum has rescued both precious metals from a heavy surplus of supply over demand in 2020, taking them instead into steep…...

Why platinum looks very strong
November 25, 2020
Platinum is approaching its best time of the year as a seasonal trend the metal tends to gain from mid-December over the first couple of…...

Palladium price forecast for 2021: new rallies ahead amid ongoing deficit
November 25, 2020
What you need to know before trading palladium The main use of palladium (Pa) is in catalytic converters: devices that turn the most harmful pollutants in car…...

Oil refinery closures could see platinum returned to the market
November 24, 2020
As the number of coronavirus cases surges across Europe and the US, demand for refined petroleum products is taking another turn for the worse. Refineries…...

Time to have a look at Platinum ?
November 24, 2020
A great time to buy Platinum? Platinum is approaching its best time of the year as the metal tends to gain from mid-December over the…...

Platinum: Demand is again expected to exceed supply in 2021
November 24, 2020
Listen to the latest market mood for the Platinum. From the period of December 20 through to February 28 Platinum has gained in value in…...

More than a record rhodium price needed to motivate additional PGM supply
November 16, 2020
High PGM prices have raised producers’ profits this year. PGM producers’ revenues in South Africa have risen sharply in 2020, driven by record rhodium and…...

The Investment Case For Platinum
November 13, 2020
Following Joe Biden’s win in the U.S presidential election, platinum might be set to trump gold going forward as the U.S. and other major economies…...

Palladium prices will hit all-time highs in 2021
November 13, 2020
In January 2019, palladium prices hit 26-year highs of $US1328.80 an ounce and we asked “was it time to call the top?” The answer was…...

RHODIUM SURGES TO $15,100/oz
November 11, 2020
Engelhard Industrial Bullion (EIB) Prices [USD per Troy Ounce] Metal Symbol Asian EIB (AEIB) EIB Platinum Pt 891.00 869.00 Palladium Pd 2487.00 2372.00 Rhodium Rh…...

Platinum-linked green hydrogen economy right for Africa, says project manager
November 10, 2020
The long value chain of the green hydrogen economy has the potential to create a multiplicity of jobs and open up the market for investment…...

Sustained high palladium price favours substitution
November 9, 2020
As reported last week, registrations of electrified vehicles overtook those for diesels for the first time in European history in September, as BEVs, PHEVs and…...

Palladium rises sharply after the US Presidential election
November 9, 2020
Joe Biden won the presidential election become 46th president of the United States Palladium price is expected to continue to be supported over the long-run…...

Have gold, silver and platinum found bottom?
November 6, 2020
Once again, gold, silver and platinum are churning within a trading range. There are always questions about the patterns they trade in. Throughout history, traders and investors have tried to…...

Platinum (XPTUSD) Up $23.35 On 4 Hour Chart, Makes Big Move Relative to Past Month
November 6, 2020
Platinum 4 Hour Price Update Updated November 06, 2020 03:16 PM GMT (11:16 AM EST) Platinum came into the current 4 hour candle up 2.69% ($23.35) from…...

PLATINUM BULLION BARS DOWN UNDER
November 5, 2020
Australians save for retirement through superannuation, a compulsory system whereby employers are required to contribute 9.5 per cent of an employee’s income into an individual…...

Palladium Trading: Production & Pricing Insight You Need In 2020
November 4, 2020
In this post, we will be looking at production and pricing insights you should know about palladium trading in 2020. Palladium is a rare chemical…...

Is Palladium a buy or sell in November?
November 4, 2020
Palladium has not seen a significant rise in price in the wake of the coronavirus crisis Palladium price has extended its correction from the record…...

Does the election effect gold, silver and platinum?
November 3, 2020
Today is Election Day in the United States and voter turnout is expected to be record-setting. The big question: will the results of the Presidential…...

PLTM: Trader Positioning Dynamics Confirm Our Cautious Stance
November 3, 2020
Summary PLTM enjoyed some upward pressure in the week to October 27, boosted by buying pressure from money managers (144 koz) and ETF investors (30…...

Platinum (XPTUSD) Up $9.49 On 4 Hour Chart, Moves Up For the 2nd Consecutive Day
November 3, 2020
Platinum 4 Hour Price Update Updated November 03, 2020 03:16 PM GMT (11:16 AM EST) Platinum closed the previous 4 hours up 1.12% ($9.49); this denotes…...

Palladium Slides Below $2,400 Despite Recovering Automobile Sector
October 23, 2020
Palladium futures slipped below $2,400 on Thursday, despite a recovering automobile sector. But market analysts are still bullish over the industrial metal that is critical…...

China, Japan to lead platinum demand rebound over next four years
October 23, 2020
Platinum demand is set to fall by 7.2% globally this year, on the back of lower demand from the automotive and jewellery sector. Typically, these…...

Surprise, gold, silver and platinum rallies fail
October 22, 2020
Like the soap opera’s gold, silver and platinum are keeping is on the edge of our seat. In recent trading, rallies have failed but left us close enough to consider…...

Recovering auto production revs up platinum, palladium prices
October 22, 2020
Rising auto production as vehicle makers tentatively recover from the coronavirus shock will lift prices of platinum and palladium, but both metals used in vehicle…...

Global platinum demand to decline 7% in 2020
October 22, 2020
Global platinum demand is set to fall by 7.2% in 2020, with the covid-19 pandemic driving significantly lower demand from the auto and jewellery sectors,…...

Here’s why platinum may now be a better bet than gold
October 22, 2020
Gold prices have soared more than 20% in 2020, and they hit a new record high earlier this year. Silver and palladium are surging, too. But platinum prices are…...

Europe leads PGM demand in the hydrogen economy
October 20, 2020
Platinum demand in all fuel cell and electrolyser technologies is estimated to be around 60 koz this year and then gain traction rapidly from the…...

Palladium – Investment Case And Risks
October 20, 2020
Summary Emission standards are getting tougher in some of the key auto markets around the world and palladium’s role as an autocatalytic is key. 2021…...

Green hydrogen energy could spark a new rally in platinum – WPIC
October 20, 2020
The platinum market just needs a spark to ignite a new wave of investment capital into the precious metals market and that could come from growing focus…...

Iridium – better than Gold….
October 15, 2020
Iridium is a metal whose role is less well understood and where the impact of the hydrogen economy could be greater relative to market size.…...

Three asset managers’ divergent views on platinum stocks
October 15, 2020
‘The key is trying to understand what you know, what you don’t know, and sticking with what you know’ – Foord’s Nick Balkin. Image: Dmitry…...

BlackRock lifts stake in Sibanye-Stillwater to 5%
October 15, 2020
Precious metals miner Sibanye-Stillwater has been advised that one of its top ten investors, BlackRock Incorporated, has increased its shareholding in the company to 5%.…...

Rhodium price rises may prompt South African producers to mull restarts
October 14, 2020
South African platinum group metal producers may look into restarting operations, after rhodium prices hit an all-time high in September, according to one of the…...

With global demand for its platinum bullion products at an all-time high
October 14, 2020
The UK’s Royal Mint has recently expanded its popular Queen’s Beasts series with the debut of the 2021 White Lion of Mortimer one-ounce platinum bullion…...

The race to put platinum in EVs
October 13, 2020
Patents secured by Lion Battery Technologies in September that covered the use of platinum group metals in a lithium battery are an important milestone in efforts…...

Will oil refinery shutdowns be a platinum blowout?
October 13, 2020
While many of platinum’s industrial end-uses have remained relatively robust during the pandemic, petroleum platinum demand has taken a big hit and is expected to…...

PLATINUM IN THE HYDROGEN SWEET SPOT
October 8, 2020
Not only does platinum facilitate the hydrogen economy due to its use in fuel cells for fuel cell electric vehicles; it is also used in…...

Platinum to benefit from hydrogen revolution push, says WPIC
October 8, 2020
The hydrogen revolution is fast becoming action rather than talk, says the World Platinum Investment Council (WPIC). It notes that a series of spending commitments and investments…...

Platinum Group Metals overtakes coal as the biggest revenue generator
October 7, 2020
Platinum Group Metals (PGMs) have overtaken coal as the biggest revenue generator in South Africa’s mining industry for the first time since 2010, according to…...

Platinum has lost its shine – but the green energy revolution could change all that
October 7, 2020
Platinum has had a terrible few years – right now, it is at the same price as it was in 2003. But that could soon…...

The Ironic, Tragic Plight Of Platinum
October 6, 2020
Platinum the only precious metal that’s lower since the end of 2019 Years of lagging the sector An industrial metal with many applications Platinum also…...

Palladium (XPDUSD) Up $53.97 Over Past 4 Hours
October 6, 2020
Palladium 4 Hour Price Update Updated October 06, 2020 11:16 AM GMT (07:16 AM EST) 2362.14771 was the closing price of the four-hour candle for…...

Platinum (XPTUSD) Up $14.93 On 4 Hour Chart; Entered Today Up 1.69%
October 6, 2020
Platinum 4 Hour Price Update Updated October 06, 2020 11:17 AM GMT (07:17 AM EST) The back and forth price flow continues for Platinum, which…...

Palladium: A Good, Safe Bet Amid U.S. Election Turmoil
October 1, 2020
Forget gold. If you want a commodity that’s directionally solid—going mostly higher—ahead of the U.S. election, you might have to look no further than palladium. With just…...

Platinum and palladium could boost performance of lithium-ion batteries
September 30, 2020
Lion Battery Technologies is pushing forward with plans to develop lithium-ion batteries that use platinum and palladium to enhance battery performance. The company was formed…...

Palladium (XPDUSD) Up $53.42 Over Past 4 Hours
September 30, 2020
Palladium 4 Hour Price Update Updated September 30, 2020 03:16 PM GMT (11:16 AM EST) Palladium is up 2.37% ($53.42) since the previous 4 hours, marking the…...

Platinum output ‘to decline’
September 29, 2020
The World Platinum Investment Council (WPIC) says platinum output in Southern Africa will likely decline in 2020 due to a fall in demand and new coronavirus-…...

Record prices to hurt rhodium in medium to long term
September 29, 2020
Recent surge in rhodium prices are expected to work against the precious metal in the medium to long term, CPM Group’s head of precious metals…...

PGM price hazard ahead: will a coronavirus second wave crash auto sales?
September 28, 2020
To read the full report click here: Full Report View: Source View: More news...

Gold? Siliver? Nah – next flight to quality for investing could be platinum
September 28, 2020
Gold prices have soared more than 20% in 2020, and they hit a new record high earlier this year. Silver and palladium are surging, too.…...

Platinum’s day is coming again as PGM sector stares into unprecedented price volatility
September 25, 2020
A REBRAND in recent years of platinum companies into platinum group metals (PGMs) producers was to acknowledge the increasing role played by palladium, and more recently…...

What Drives the Price of Platinum
September 25, 2020
Platinum Prices What Drives the Price of Platinum Although it is one of the rarest precious metals around, there is still intense demand from platinum,…...

Palladium (XPDUSD) Up $0.18 On 4 Hour Chart, Outperforms All metals
September 24, 2020
The back and forth price flow continues for Palladium, which started the current 4 hour candle off at 2221.05249 US dollars, up 0.01% ($0.18) from…...

Platinum (XPTUSD) Down $28.47 in Last 4 Hours
September 24, 2020
Platinum came into the current 4 hour candle down 3.28% ($28.47) from the open of the previous 4 hours, marking the 6th straight candle it has gone…...

Palladium (XPDUSD) Down $52.75 Over Past 4 Hours, Underperforms All metals
September 23, 2020
Palladium is down 2.32% ($52.75) since the last 4 hour candle, marking the 2nd straight candle a decrease has occurred. On a relative basis, Palladium was the…...

Should You Invest in Palladium?
September 23, 2020
PALLADIUM IS A PRECIOUS metal mined and produced globally with several industrial uses. Even though investor demand is small, the price of palladium has been outperforming other…...

Roaring Rhodium: the most valuable metal in history keeps hitting record prices
September 22, 2020
The world’s five top producers of the most precious metal in history are all South African companies. At $14,500 an ounce, rhodium is on a…...

Latest growth in Rhenium Metal Market From 2020 To 2029
September 22, 2020
The “Global Rhenium Metal market research report 2020” is a thorough examination of the Rhenium Metal industry and offers insights such as substantial approaches, Rhenium…...

Silver breaks down gold, platinum hold support
September 22, 2020
Monday was quite the day for gold, silver and platinum. All three had broken down below support. What looked like a massacre turned out to be a silver breakdown…...

Palladium Discovery In Australia Continues To Grow
September 22, 2020
A rapid recovery in the price of palladium to more than $2300 an ounce since a Covid-19 sell-0ff earlier this year has seen it reclaim…...

The rhodium rally – bucking the trend
September 21, 2020
To view full report click here: Full Report View: Source View: More news...

Platinum, Palladium prices diverge as car makers see uneven recovery
September 21, 2020
As key ingredients in catalytic converters, both metals are at the forefront of efforts to reduce auto emissions. A strong rebound in Chinese car sales…...

Rising Chinese Car Sales Widens Gap Between Platinum, Palladium ETFs
September 21, 2020
The disparity between platinum and palladium ETFs has widened this year as a strong rebound in Chinese car sales helped fuel demand for gasoline autocatalysts.…...

Rhodium’s Meteoric Rise
September 18, 2020
Rhodium prices rose during August and into early September, reaching a record $14,500 on 15 September. The rhodium market remains tight. Supply from South Africa,…...

Palladium (XPDUSD) Down $63.75 On 4 Hour Chart
September 18, 2020
Palladium came into the current 4 hour candle down 2.66% ($63.75) from the open of the last 4 hour candle, marking the 2nd consecutive candle a decline…...

Why is platinum surging and should you be investing?
September 17, 2020
Platinum is taking investors by surprise with its unexpected September rally, rising nearly $100 during the past two weeks. On Tuesday, platinum surged nearly 3%…...

Green Metals See A Boost on COVID-19 Response
September 17, 2020
Unprecedented stimulus has led some countries to focus on a green recovery with more renewables and lower emission vehicles. One policy response to the COVID-19 pandemic has…...

Palladium, Platinum Longs Make A Killing In Relative Silence
September 16, 2020
With macro and commodity headlines screaming either gold, oil, or dollar every day, longs in PGMs have been making a silent killing, thanks to the relatively low volatility and…...

The Palladium Standard 2020
September 16, 2020
Setting the PGM agenda for the years ahead View: Source View: More news...

RHODIUM up another $600 to $14,600 / oz
September 15, 2020
Engelhard Industrial Bullion (EIB) Prices [USD per Troy Ounce] Metal Symbol Asian EIB (AEIB) EIB Platinum Pt 967.00 980.00 Palladium Pd 2339.00 2358.00 Rhodium…...

Platinum (XPTUSD) Up $29.15 On 4 Hour Chart; Started Today Up 3.15%
September 15, 2020
Platinum 4 Hour Price Update Platinum entered the current 4 hour candle at $954.1539, up 3.15% ($29.15) from the previous 4 hours. Platinum outperformed all…...

Platinum group metals patenting their way into battery EV space
September 14, 2020
Platinum Group Metals CEO R Michael Jones does not let grass grow under his feet. His parting shot to moderator Bernard Swanepoel at the virtual 2020 PGMs Industry Day…...

Rhodium the new PGM king
September 14, 2020
Looking at the share price charts of Implats and Amplats, you’d imagine the lockdown had no impact on production whatsoever. That’s not true: Amplats suffered…...

Platinum on Top as Gold Consolidates
September 14, 2020
The Bloomberg Commodity Index traded lower for a second week with lower risk appetite, as seen through the setbacks among U.S. megacap stocks, combined with…...

Hydrogen, platinum fund sets up shop in South Africa
September 11, 2020
London-headquartered AP Ventures, an independent venture capital fund focussed on investing in early-stage companies that use or enable the use of platinum group metals (PGMs),…...

How a tiny by-product metal is making billions for PGM producers
September 11, 2020
Looking at the share price charts of Implats and Amplats, you’d imagine the lockdown had no impact on production whatsoever. That’s not true: Amplats suffered…...

Platinum has potential to be three-times-bigger $35bn-a-year industry – Minerals Council
September 10, 2020
Instead of being the $11-billion-a-year type industry that it is today, the platinum business has the potential to be a $35-billion-a-year industry by 2050, Minerals…...

Watch out lithium, platinum’s eyeing your battery space, says PTM
September 10, 2020
Electric vehicles (EVs) are synonymous with lithium and fuel cell electric vehicles (FCEV) are synonymous with platinum group metals (PGMs), but will the twain meet?…...

Prize potentially large in platinum fuel cell and hydrogen growth – prof
September 9, 2020
Significant growth in fuel cells and hydrogen is now almost certain and the prize for South Africa remains potentially large. That is the view…...

Rhodium may prolong price gains in 2021 with power to “injure” PGM basket price
September 9, 2020
THE price of rhodium was tipped to remain strong and might even improve further in 2021, according to investment and asset management analysts. The market for…...

Rhodium price rises to fresh six-month high
September 8, 2020
The Johnson Matthey (JM) rhodium London base price climbed to new six-month high, up 9% week on week and 36% month on month, with the…...

Palladium Up $37.92 in Last 4 Hours, Outperforms All metals
September 4, 2020
Palladium 4 Hour Price Update Entered Today Up 2.25% The choppiness in the recent four-hour candle price action of Palladium continues; to start the current…...

Platinum Shows Promise After Steady Rebound From COVID Lows
September 3, 2020
Platinum, the less-showy sister metal of gold and palladium has been having a more even rebound from the lows of COVID-19 than the two sector heavyweights. Since its meltdown…...

RHODIUM LEAPS TO $13,150 PER OUNCE
September 3, 2020
Engelhard Industrial Bullion (EIB) Prices [USD per Troy Ounce] Metal Symbol Asian EIB (AEIB) EIB Platinum Pt 912.00 903.00 Palladium Pd 2273.00 2365.00 Rhodium Rh…...

New generation of hydrogen vehicles may use less platinum
September 2, 2020
Researchers at the University of Copenhagen have come up with a new catalyst that requires small amounts of platinum and can be used to produce cheaper and…...

IS PLATINUM AS GOOD AS GOLD?
August 26, 2020
Gold is a special investment asset in high demand due to COVID-19, but has the pandemic made platinum more precious? Gold is widely recognized as…...

Gold and silver continue the pattern lower
August 26, 2020
As expected, the patterns for gold, silver and platinum remain the same. Rallies in gold and silver should be sold at resistance levels because the trend is lower; the path…...

Platinum looks attractive as discount to gold sits near record levels – WPIC
August 25, 2020
The gold market is struggling to find new buying momentum after it was unable to hold the critical psychological support around $2,000 an ounce,…...

Should You Buy Platinum or Gold or Silver Now?
August 24, 2020
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Will a road race to electrify America leave PGMs in the dust?
August 24, 2020
HERAEUS : Will a road race to electrify America leave PGMs in the dust View: Source View: More news...

Palladium continues to be ‘the Tesla stock of commodities’
August 24, 2020
Since the start of 2020 gold prices have increased by one-quarter, silver prices are up by 50% and the price of palladium up a respectable…...

Gold, silver and platinum try to rally and fail
August 21, 2020
After Wednesday’s big selloff in the metals, they tried to rally Thursday and are failing this morning; the metals are threatening to take out Wednesday’s…...

Platinum Could Be the Next Metal to Rally
August 19, 2020
Gold has been rallying for the past week and was able to hold above $2,000 an ounce on Tuesday amid moves higher in stocks as…...

Palladium Prices Hit Bump in Road With Lower Car Sales
August 13, 2020
After more than half a decade of record-busting price moves, the palladium market hit a bump in the road. The slowdown in the global economy,…...

Will Platinum and Palladium Follow Gold to New Highs?
August 5, 2020
Gold (GLD) is making new record highs and flirting with the $2,000 level. Platinum (PLPT) and palladium (PALL) are well-below their highs, but there are…...

Platinum Continues To Lag Other Precious Metals; That Could Be About To Change
July 27, 2020
Lately, precious metals have been all the rage. Early Monday morning, spot gold hit an all-time high, rising above $1,933; at time of writing, gold futures are closing in…...

Platinum and palladium will creep higher as auto sector returns to life
July 21, 2020
LONDON — Analysts and traders have cut their forecasts for autocatalyst metals platinum and palladium as the coronavirus outbreak curtails vehicle sales, but they still…...

Palladium Bullish in 3Q20 – Report
July 16, 2020
Thesis Welcome to Orchid’s Palladium Weekly report, in which we discuss palladium prices through the lenses of the Aberdeen Standard Physical Palladium Shares ETF (PALL).…...

Gold and Silver breaking out, Platinum breaking down
June 30, 2020
The story in gold remains the same: prices appear to be headed much higher. The breakout from consolidation about a week ago continues to hold; support has…...

BMO trims full-year price PGM price forecasts, maintains gold, silver outlooks
June 25, 2020
BMO Capital Markets lowered its forecasts for average prices of platinum group metals during 2020, although the bank looks for a rebound from current prices into year-end.…...

Chinese auto sector to boost platinum demand – BMO
June 24, 2020
The Chinese auto sector looks as though it will boost platinum demand through 2021, said BMO Capital Markets. Chinese auto output rose sharply in June, climbing some…...