Platinum News Stories
Following platinum news is the key to trading fundamentally. Below you can find links
to articles in the news that discuss market fundamentals that could potentially affect the price of platinum on the NYMEX commodities
exchange. Before you invest in the platinum futures market you should do your own research.
1. Bloomberg.com "Anglo
Platinum Says Workers Return After Strike" January 17, 2013
South Africa should nationalize mines that Anglo American Platinum
Ltd. (AMS) will idle in plans by the biggest producer of the metal to return to profitability, a union claiming the majority
of workers at the company said.
2. Reuters.com "S. Africa mine strikes end, tension remain" November 15, 2012
Much of the platinum sector is battling with low demand,
though the price for the metal used for emissions-capping catalytic converters in cars has risen 13 percent this year mostly
because of supply concerns stemming from the strikes in South Africa, home to 80 percent of known reserves.
3. Bloomberg.com "Platinum Has Longest
Rally in 25 Years; Gold Gains on QE3" September 14, 2012
Platinum rose, capping the longest rally in 25
years, after the Federal Reserve
took steps to bolster the U.S. economy
and as strikes halted output at mines in South Africa,
the world’s largest producer.
4. Forbes.com “Platinum Outperforming
Other Metals, Lifted By South African Supply Concerns” June 14, 2012
futures are outperforming gold for the second consecutive day as traders react to South African production concerns, lifting
a market that was previously pressured with a wide range of commodities on worries about the eurozone debt crisis.
5. Bloomberg.com “Anglo’s Platinum Output
Falls 24%, Iron Ore Gains 17%” April 19, 2012
Anglo American Plc (AAL), the biggest platinum producer, said output of the metal fell 24 percent in the first quarter
from a year earlier after it shut a plant for maintenance, with fewer safety stoppages stemming the drop.
6. Bloomberg.com "Oil Rises on Iran,
Nigeria; Gold Advances: Commodities at Close" January 12, 2012
Spot platinum gained for a fourth day, adding as much as
0.7 percent to $1,505 an ounce, the highest since Dec. 12. The metal, used in auto catalytic converters, has risen 7.6 percent
this year, on signs the U.S. economy
is recovering and global automobile sales may increase.
7. Commodityonline.com "Platinum discount to gold price may widen"
November 22, 2011
Platinum has been at a discount to gold since September. Industrial demand
for platinum, including auto catalysts, has been weak and mine supply should keep growing in 2011 and 2012. Consequently,
the surplus in the market is expected to increase this year and next, BNP added.
8. Resourceinvestor.com "Time for
Platinum to Play Catch Up" July 5, 2011
The white metal usually outperforms gold in bull markets for precious metals, but this year has
fallen 3.4%. Platinum has to rise a further 30% from here just to match its 2008 high of $2,200 an ounce, suggesting that
some catch up play is in order.
9. Bloomberg.com “Platinum Expanding Most in Metals as Lonmin Doubles Earnings” April 26, 2011
Investors expanded their platinum holdings
in funds faster than for any other precious metal this year, in a bet that mining companies digging as deep as 1.4 miles underground
will fail to meet record consumption.
10. Bloomberg.com "Platinum Imports by China Jump in 2010 on Car Sales;
Silver Exports Drop" January 21, 2011
Platinum imports by China, the biggest car market, jumped 40 percent in 2010 as robust vehicle sales
fueled demand for the precious metal.
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