DiseasesChemicals and DrugsAnalytical, Diagnostic and Therapeutic Techniques and EquipmentPhenomena and ProcessesDisciplines and OccupationsTechnology, Industry, AgricultureNamed GroupsHealth Care
PalladiumPlatinum CompoundsOrganic Chemistry ProcessesAlkenesPhosphinesCatalysisOrganoplatinum CompoundsRhodiumPlatinumOrganometallic CompoundsCyclizationCisplatinChemistry, OrganicMolecular StructureCoordination ComplexesStereoisomerismAminationSiloxanes2,2'-DipyridylHydrocarbons, AromaticBoratesRecyclingCarboplatinOxidative CouplingAllyl CompoundsAlkynesChlorobenzenesSulfanilic AcidsIridiumAntineoplastic AgentsBoronCetylpyridiniumElectroplatingDental StaffLewis AcidsKetonesOvarian NeoplasmsAminesElectrodesTransition ElementsHydrocarbons, HalogenatedSpectrophotometry, AtomicAmmonium HydroxideHeterocyclic CompoundsHalogenationBromidesInvestmentsCapital Financing
OunceMetals2023BullionRose 1.51,00020212016Uses for PalladiumSister metal palladiumAutomakersPrecious-metalInvestorsDeficitCatalytic propertiesEmissionsSouth AfricaPrices2022DrivenBullishRoughlyRhodium demandMarketCopperGoldPPLTWeakerSilverFouad EgbariaJohnson MattheyAutocatalystsOutlookAnglo American PlatinumPriceJewellery demandProducerWPICWorld Platinum Investment CouncilForecastPast 12 monthsDeclineCarmakersSupplyAvailability of platinum2018Mike McGloneDurabilityLucrativeCommonly used in jewelry2019StricterCorrosionRussiaConsumptionAutocatalystVersusPhysically backed2,000Platinum'sShortagesGlobalMillion
Ounce24
  • platinum sold for roughly $1,430 an ounce when the strike started. (wikipedia.org)
  • This month, that trend continues for the two platinum-group metals (PGMs), with U.S. platinum falling 3.6% and U.S. palladium falling 4.2% - below $1,000 per ounce to start the month for the first time since November 2017. (agmetalminer.com)
  • The U.S. palladium bar price dropped 4.2% over last month to end up at $980 per ounce, its first dip under the $1,000 threshold since November 2017. (agmetalminer.com)
  • Metal prices: Platinum is currently trading at $1,000 per ounce . (mfea.com)
  • Ronald-Peter Stoeferle, managing partner at Incrementum AG, says that gold is poised to rally to $1,450 to $1,500 per ounce by year end if it breaks through the $1,360 to $1,380 per ounce resistance level. (goldseek.com)
  • Platinum hit a more than nine-month low of $925.50 per ounce and was last down 0.1pc at $938.74. (brecorder.com)
  • Silver lost 18 cents, opening at $18.22 per ounce, while platinum was pulled $16 lower at the start, quoted at $1433 per ounce. (kitco.com)
  • The metal has climbed 98 percent this year to $2,475 an ounce, according to prices from Johnson Matthey on Bloomberg. (kitco.com)
  • Notice that at its peak in March, a troy ounce of palladium was worth almost two ounces of platinum. (agoracom.com)
  • Spot palladium gained 2.6% last week to $2,870.50 an ounce and advanced 0.7% Friday. (dillongage.com)
  • Spot platinum rose 1.8% Friday to $1,235.20 an ounce and gained 1.9% Friday. (dillongage.com)
  • Spot palladium gained 5.1% last week to $2,798.50 an ounce and increased 1.5% Friday. (dillongage.com)
  • Currently, the DG spot price for palladium is up $54 ounce to $2,931.00. (dillongage.com)
  • Platinum is currently trading at about $950 an ounce, about half the price of palladium. (actionext.com)
  • Palladium is expected to provide about 55 per cent of revenue from the mine, and Chalice's study assumed the metal would fetch $US2000 an ounce over the life of the mine. (afr.com)
  • Chalice's forecast for platinum prices to average $US1000 an ounce were closer to Wednesday's price of $US976 an ounce. (afr.com)
  • Palladium rose 1.5% to $855.73 an ounce. (livemint.com)
  • In fact, palladium recently breached the $1,000 per ounce mark for the first time in eight months, and earlier this week hit a record high of $1,150.50 an ounce. (spendmatters.com)
  • The miner produced 5.9 million ounces of silver last year with all-in-sustaining costs of $15 per ounce. (gold-eagle.com)
  • Dunn said that their base-case scenario is for gold to trade between $1,900 and $2,000 an ounce by the end of the year. (gold-eagle.com)
  • Specialist materials maker Johnson Matthey said the roughly 8 million ounce a year platinum market would be undersupplied by 128,000 ounces this year, the first deficit since 2020 and a major shift from last year's surplus of 740,000 ounces. (financedigest.com)
  • The World Platinum Investment Council predicted a 983,000-ounce platinum deficit - the biggest since at least 2014 - after last year's surplus of 854,000 ounces. (financedigest.com)
  • Consultants Metals Focus forecast a 953,000-ounce platinum undersupply, up from just 53,000 ounces in 2022. (financedigest.com)
  • For the roughly 10 million ounce a year palladium market , JM predicted a deficit of 43,000 ounces this year, down from 531,000 ounces in 2022. (financedigest.com)
Metals44
  • Welcome to the 2023 LBMA Annual Precious Metals Forecast Survey, which this year is more interactive. (lbma.org.uk)
  • Platinum and palladium are two in particular which have gained popularity as an investment option for precious metals enthusiasts. (goldsilver.com)
  • Platinum is currently one of the rarest metals on the planet, although there is speculation that it may exist in more abundance on the moon and other planets in our solar system. (goldsilver.com)
  • So ALL precious metals (including palladium and rhodium) have industrial uses. (conservativetruth.org)
  • Concerns arose over whether other industrial metals also would get hit as a result of the steel and aluminum tariffs announcement, including precious-metal workhorses platinum and palladium. (agmetalminer.com)
  • There's also "fear that higher costs for cars could reduce demand" for the metals, according to the article. (agmetalminer.com)
  • Broader supply-demand market fundamentals look to underpin the two metals' movements into the next year and beyond. (agmetalminer.com)
  • Birch Gold Group can offer personalized guidance and expertise in diversifying your portfolio with precious metals, including gold, silver, platinum, and palladium. (publishwhatyoupay.org)
  • In this section, we will discuss the four main types of precious metals: gold, silver, platinum, and palladium. (publishwhatyoupay.org)
  • Platinum was once the most precious of metals. (gold-eagle.com)
  • The other platinum group metals - palladium and rhodium - barely registered on investors' radar screens. (gold-eagle.com)
  • It was overtaken by the other Platinum Group metals (PGM) metals in recent weeks. (gold-eagle.com)
  • Clint Siegner is a Director at Money Metals Exchange , the national precious metals company named 2015 "Dealer of the Year" in the United States by an independent global ratings group. (gold-eagle.com)
  • Goldman Sachs is also bullish on the yellow metals as it expects a rebound in ETF holdings to continue due to late-cycle worries and negative German 10-year real rates. (goldseek.com)
  • A stronger-than-expected N.Y. Fed's manufacturing report for September earlier in the day fell "into the camp of the monetary policy hawks, which put a little pressure on gold," said Jim Wyckoff, senior analyst at Kitco Metals. (brecorder.com)
  • The platinum group of elements includes palladium, which is one of the reasons both of these precious metals are very similar in appearance and sometimes mentioned together. (firstnationalbullion.com)
  • It's also not as dense as other metals in the platinum family. (firstnationalbullion.com)
  • New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. (agoracom.com)
  • The mining company is the only producer of platinum and palladium in the U.S., giving it unique exposure to metals that are both precious and vitally important for industrial purposes. (fool.com)
  • Yet with the company having taken steps to diversify its operations last year, Stillwater isn't just a platinum-group metals company anymore. (fool.com)
  • But both companies rely on demand from automakers, which use platinum-group metals for catalytic converters. (fool.com)
  • Moreover, with Tiffany ( TIF ) and other high-end jewelers starting to face difficulties from high-end shoppers dealing with fiscal cliff concerns, the prospect of increased jewelry demand for platinum-group metals is questionable at best. (fool.com)
  • With shareholder Clinton Group seeking the retirement of CEO Frank McAllister and pointing to "strategic missteps" such as the purchase of Peregrine Metals last year, the spring shareholder meeting should be an interesting one for the mining company. (fool.com)
  • Titanium boasts one of the highest strength-to-weight ratios of all transition metals, but it will also resist denting, discoloring, and scratching for years to come. (justmensrings.com)
  • Palladium is one of the rarest metals on earth, and is the forty-sixth element of the periodic table (Pd). (sprott.com)
  • Precious metals investments have price fluctuations based on short-term dynamics partly driven by demand/supply and also by investment flows. (sprott.com)
  • Since industrial and jewelry uses comprise roughly 93% of all demand for both platinum and palladium, a reasonably positive economic outlook is required for these metals to perform their best. (bullionvault.com)
  • Rhodium is part of a group of precious metals called the platinum group metals (platinum, palladium, ruthenium, iridium, and osmium). (kitco.com)
  • These platinum group metals have similar chemical and physical properties. (kitco.com)
  • The precious metals sector has just one standout performer this year, and that is palladium. (moneymetals.com)
  • While other metals have had their ups and down, palladium has been soaring this year. (spendmatters.com)
  • Palladium has been trading at a premium to platinum for the majority of the past year, contrary to the two platinum-group metals' (PGM) historical relationship. (spendmatters.com)
  • In this Article: Anglo American Platinum (OTC: ANGPY)Impala Platinum (OTC: IMPUY)A-Mark Precious Metals (Nasdaq: AMRK)Norilsk Nickel (OTC: NILSY)Sibanye Stillwater (NYSE: SBSW) The stock market is never dull. (goldstockstoday.com)
  • In this Article: Gold's Old PartnerPrecious in My EyesHistorically Inaccurate Pricing Every year, precious metals dealer Kitco releases its outlook series for precious metals for the coming 12 months. (goldstockstoday.com)
  • Head of Dealing at Goldmoney, Roland Khounlivong, said the trading levels were quite typical ahead of a long weekend: 'The prices of all the precious metals dropped this week, apart from Palladium which is up by around 10% on the year which is the best performance of all the precious metals for the year so far. (goldmoney.com)
  • Norilsk Nickel, the world's largest producer of palladium and refined nickel, said it will resume full production of metals after stopping water inflows at a key mine. (gold-eagle.com)
  • Platinum and palladium are two precious metals that share similarities in appearance and applications but possess distinct differences in properties and performance. (diamondrensu.com)
  • This rare metal is part of the platinum group metals (PGM) and is associated with other white metals like palladium, rhodium, and silver. (diamondrensu.com)
  • Palladium is a precious metal belonging to the platinum group of metals. (diamondrensu.com)
  • Palladium holds the atomic number 46 in the periodic table and is considered one of the white metals due to its silver-white appearance. (diamondrensu.com)
  • The forecasts use slightly different methodology, with Metals Focus excluding platinum bought or sold by exchange-traded funds. (financedigest.com)
  • JM also predicts a rise in supply of both platinum and palladium this year , which Metals Focus and the WPIC do not. (financedigest.com)
  • Platinum-group Metals. (cdc.gov)
  • The platinum group comprises six closely related metals: platinum , palladium, rhodium, ruthenium, iridium, and osmium, which commonly occur together in nature and are among the scarcest of the metallic elements. (cdc.gov)
20239
  • LONDON , Nov. 21, 2023 /PRNewswire/ -- The World Platinum Investment Council - WPIC® - today publishes its Platinum Quarterly for the third quarter of 2023, with revised estimates for 2023 and a first forecast for 2024. (valleycentral.com)
  • The market is expected to reach a record deficit of 1,071 koz in 2023 as exceptionally strong year-on-year demand growth of 26% (+1,690 koz) to 8,150 koz far exceeds weaker supply, which is expected to drop 3% year-on-year to 7,079 koz. (valleycentral.com)
  • Global mine supply for full-year 2023 is expected to be essentially flat year-on-year at 5,608 koz, remaining around 8% below the 5-year pre-COVID average production level, which reflects some of the ongoing challenges the industry has been facing. (valleycentral.com)
  • The global platinum recycling estimate for 2023 has been further downgraded to 1,471 koz, 13% lower than the already reduced levels of 2022, due primarily to a shortage of end-of-life vehicles as consumers are driving existing vehicles for longer and as scrappage yards accrue spent units in the face of weak PGM prices. (valleycentral.com)
  • In 2023, automotive platinum demand is expected to jump by 14% to a six-year high of 3,262 koz, driven by an 8% increase in global light-duty vehicle production and a 10% rise in heavy-duty vehicle production. (valleycentral.com)
  • Industrial demand for 2023 is predicted to surge by 14% year-on-year (+317 koz) reaching 2,652 koz - marking the strongest year on record. (valleycentral.com)
  • The theft of catalytic converters set records in 2022, and 2023 is looking like another record year. (brakeandfrontend.com)
  • US natural gas production is expected to grow in the region of 2.2Bcf/day in 2023, which would take total output in excess of 100Bcf/day this year, which would also be record levels. (focus-economics.com)
  • Although supplies continue to be disrupted by the war, and as governments in the West continue to broaden the scope of sanctions on Russia, demand from state-led infrastructure and energy projects should prop up prices, especially in the second half of 2023. (focus-economics.com)
Bullion5
  • In recent years, platinum has become increasingly popular as a bullion product for investment, garnering demand for platinum bars and rounds. (goldsilver.com)
  • Whether you're deciding between palladium or platinum or you're building an investment portfolio and looking for the best place to purchase Scottsdale gold and bullion , reach out to the trustworthy professionals at First National Bullion. (firstnationalbullion.com)
  • Bullion funds ETFS Physical Platinum ( PPLT 0.83% ) and ETFS Physical Palladium ( PALL -1.03% ) posted gains of about 10% over the past year, helping to support Stillwater's profitability. (fool.com)
  • Many US investors don't realize this, but only 8% of bullion and jewelry demand comes from North America. (bullionvault.com)
  • The LBMA and bullion banks got away with selling way more paper palladium than they could deliver. (moneymetals.com)
Rose 1.51
  • Palladium rose 1.5pc to $2,008.07, stabilizing after sliding to an over one-year low on Tuesday. (brecorder.com)
1,0001
  • Under the three-year agreement, workers who currently make less than 12,500 rand will receive a 1,000-rand raise this year and in 2015. (wikipedia.org)
20212
  • The spot, or market, price of platinum, on the other hand, typically fluctuates more, and it didn't make any significant gains in 2021, according to Investing News. (firstnationalbullion.com)
  • For the year as a whole, platinum supply will be 5 percent lower than in 2021 and demand 2 percent higher, with the automotive sector seeing a 16 percent increase due to increased light vehicle concrete foaming agent are still very uncertain. (actionext.com)
20165
  • We forecast deficits for the platinum market of more than 450,000 ounces in 2014, with the deficit decreasing slightly in 2016. (lbma.org.uk)
  • We also forecast substantial deficits for palladium of over 1.8 million ounces in 2014 and that the deficits will persist into 2016. (lbma.org.uk)
  • Additionally, while total platinum supply, including secondary recovery from scrap, softened in 2016 and is about 13% off its peak in 2006, the decline has not been sufficient. (miningweekly.com)
  • The spectacular increase in the price of palladium since 2016, in particular during 2019, has attracted widespread interest from investors, industrial users of palladium and market commentators. (sprott.com)
  • Growth is also anticipated in 2024, with automotive demand projected to rise by 2% year-on-year to 3,312 koz, its highest level since 2016. (valleycentral.com)
Uses for Palladium1
Sister metal palladium2
  • Platinum is set for its biggest weekly advance in two years, as its wide discount to sister metal palladium creates interest for the metal. (goldseek.com)
  • The reports underline an emerging change in fortunes for platinum and its sister metal palladium, both used chiefly in vehicle exhausts to neutralise harmful engine emissions. (financedigest.com)
Automakers3
  • Automakers use about 2.5 million to 3 million ounces of platinum and about 8.5 million ounces of palladium each year. (actionext.com)
  • LONDON (Reuters) - Rising demand from automakers, industry and investors will push the global platinum market into its biggest deficit in years, three industry reports predicted on Monday. (financedigest.com)
  • Automakers are now shifting from palladium to platinum to save money , production of platinum-intensive heavy-duty vehicles is rising, and exhaust-free electric vehicles are making inroads into the palladium-focused light vehicle market. (financedigest.com)
Precious-metal9
  • Palladium is a soft silvery precious metal with a low melting point. (firstnationalbullion.com)
  • Platinum is a precious metal that was discovered about a century before palladium. (firstnationalbullion.com)
  • Palladium is worth considering if you prefer a lighter precious metal with the potential to have a higher value if you hold on to it. (firstnationalbullion.com)
  • This business is a trusted, dropship model precious metal dealer offering a full range of services including physical gold, silver, platinum, and palladium for sale. (websiteproperties.com)
  • Having bought and sold in the precious metal industry for 13 years, the owner has excellent business relationships with suppliers. (websiteproperties.com)
  • The reason for the initial jump in precious metal prices and thefts three years ago was a combination of global demand and the pandemic putting mines out of business. (brakeandfrontend.com)
  • Platinum is a precious metal known for its use in jewelry and industrial applications such as catalytic converters. (diamondrensu.com)
  • In conclusion, platinum is a versatile and highly valued precious metal that has found a range of uses due to its unique properties. (diamondrensu.com)
  • Our panelists expect precious metal prices to stay high compared to their historical average this year and next. (focus-economics.com)
Investors11
  • Birch Gold Group helps investors acquire physical gold, silver, platinum, and palladium, providing a secure hedge against economic uncertainty. (publishwhatyoupay.org)
  • Silver has been on the rise in recent years, making it a great option for both experienced and new investors. (mfea.com)
  • Retail investors are also taking notice of platinum. (goldseek.com)
  • CPM surmises that, perhaps, even more important to platinum prices is the weakness in fundamentals, which has made investors nervous about absorbing the ongoing market surpluses, further weighing on prices. (miningweekly.com)
  • However, investors seem aware of the imbalance between demand and current mine production and are bullish for the palladium price over the longer term. (kitco.com)
  • According to Monex.com, palladium may also provide some lucrative opportunities for investors. (firstnationalbullion.com)
  • Now surpassing 20 years in business, APMEX distinguishes itself through exceptional customer service, unmatched product quality and options, and a brain trust of resources to help investors develop their ideal investment portfolio. (apmex.com)
  • Gonneville has been touted as one of Australia's best critical minerals discoveries for its platinum group elements, nickel and copper, but investors were underwhelmed by Chalice's promise of a two-year payback on a mine costing between $1.6 billion and $2.3 billion. (afr.com)
  • More investors are coming aboard at the current relatively low entry level for silver and physical demand has been robust both in Singapore and in Hong Kong," said Joshua Rotbart, managing partner, J. Rotbart & Co in Hong Kong. (livemint.com)
  • And every year, that includes a survey of both retail and institutional investors. (goldstockstoday.com)
  • Over at the U.S. Treasury the government is experiencing windfall demand for U.S. government debt, with so many investors buying bonds it's pushing prices to new record lows. (townhall.com)
Deficit10
  • In a nutshell, the general market consensus is that the platinum and palladium markets are in deficit. (lbma.org.uk)
  • On the palladium front, the market was expected to remain in deficit, Johnson Matthey said. (agmetalminer.com)
  • Supply, which declined 2 percent last year, was expected to rise slightly, but the market was set to remain in deficit after recording a shortfall of 629,000 ounces last year. (agmetalminer.com)
  • There is a common misperception that the platinum market has been in a deficit for many years. (miningweekly.com)
  • Chinese jewelry demand will weaken next year while rebounding economic growth will boost vehicle production and may move the market back to a deficit. (kitco.com)
  • Recycling has made more palladium available, but supplies have yet to eliminate the deficit in the market for palladium. (agoracom.com)
  • Platinum will have a surplus, and palladium, a deficit. (agoracom.com)
  • Global demand for silver will decline by 9.4% this year largely due to a drop in investment, but the market will maintain a deficit, according to a report from Chilean state agency Cochilco. (zawya.com)
  • In 2024, a second consecutive market deficit is forecast at 353 koz, with demand reducing by 6% (-487 koz) to 7,663 koz and total supply increasing by 3% (+231 koz) to 7,310 koz, still well below pre-COVID levels. (valleycentral.com)
  • Two of Monday's reports predicted that while palladium would remain in deficit this year , platinum's undersupply would be bigger. (financedigest.com)
Catalytic properties1
  • Palladium has catalytic properties and is essential for vehicle emission control systems. (mfea.com)
Emissions8
  • Palladium has outperformed platinum ever since the fundamentals of supply and demand have changed due to the diesel emissions scandal. (agoracom.com)
  • These standards are driving demand for platinum and palladium due to their ability to help reduce harmful emissions. (agoracom.com)
  • However, the competition has become somewhat one-sided ever since the platinum market was rocked in 2015 by the emissions scandal or “Diesel Gate†involving Volkswagen ( OTCPK:VWAGY ). (agoracom.com)
  • The emissions scandal has fundamentally altered the landscape for vehicles powered by diesel and gasoline engines and, by extension, platinum and palladium. (agoracom.com)
  • Palladium is used by carmakers in tailpipe emissions systems to reduce carbon emissions. (actionext.com)
  • The dominant use of palladium today is in catalytic converters used to control emissions from gasoline and diesel internal combustion engines in passenger and light-duty commercial vehicles. (sprott.com)
  • Stricter emissions regulations, particularly in China , have also driven demand. (valleycentral.com)
  • Tighter emissions legislation, along with a forecast increase in platinum-for-palladium substitution to around 700 koz, will drive continued growth across most regions. (valleycentral.com)
South Africa3
  • South Africa is home to 80% of the world's known platinum reserves, and produces about 70% of the world's supply. (wikipedia.org)
  • The firm emphasises that the South African platinum mining industry is "suffering" and, moreover, a couple of mine closures have been offset by some mining companies expecting growth in output going forward, as well as expansion in output outside South Africa. (miningweekly.com)
  • In addition, the strikes in South Africa and the demand for palladium for use in catalytic converters in the automobile industry, are creating fears of a supply/demand mismatch in the future. (goldmoney.com)
Prices32
  • Recently, we have been seeing platinum imports into China becoming much more price sensitive than before, and given that jewellery demand is the swing demand for platinum, the growing price sensitivity could cap prices for the time being. (lbma.org.uk)
  • Platinum prices have been flat since 2009 or so, due to weak demand for catalytic converters, the primary use of platinum in industry. (wikipedia.org)
  • Obviously, a metal that is needed for all three of these markets is the best - demand is greater, supply is decreased by usage, and therefore prices tend to go up. (conservativetruth.org)
  • Global Precious MMI: Will Drop in Platinum, Palladium Prices Continue? (agmetalminer.com)
  • The Japanese gold, silver, platinum and palladium prices all increased, likely due to the dollar-yen exchange rate, perhaps providing an arbitrage opportunity for buyers. (agmetalminer.com)
  • This year, the bank expects oil prices to be range-bound. (risk.net)
  • Factors such as supply and demand, geopolitical events, and economics influence its prices. (mfea.com)
  • Prices for the metal have climbed more than 13 percent so far this year. (goldseek.com)
  • The weakness in platinum prices has been driven primarily by softening fabrication demand fundamentals and a lack of commensurate reductions in supply to offset those weaker demand fundamentals, states New York-based research and consulting firm CPM Group. (miningweekly.com)
  • The firm sayss that, while there is potential for platinum prices to decline further, the downside for the metal currently seems limited. (miningweekly.com)
  • CPM remarks that the fate of platinum prices largely rests on the shape of the supply curve over the course of the next five to ten years. (miningweekly.com)
  • Palladium prices, meanwhile, have been going from strength to strength over the past few years, the firm points out. (miningweekly.com)
  • Last year palladium prices spiked to an all-time high with the Russian invasion of Ukraine. (kitco.com)
  • However, any weakness in gold and platinum prices or a strengthening of the Dollar may undermine the price with the possibility that palladium could trade down to $290 during the same period. (kitco.com)
  • demand for platinum jewelry is surging to a six-year high after a plunge in prices spurred record Chinese consumption, compensating for the weakest usage by carmakers since 2000. (kitco.com)
  • According to the same source, palladium prices have spiked due to supply shortages and increased demand. (firstnationalbullion.com)
  • As a result of a favorable outlook, palladium prices have vastly outperformed platinum. (agoracom.com)
  • The chart below tracks the relationship between platinum and palladium prices. (agoracom.com)
  • Much of the reason for Stillwater's rise in 2012 can be traced to rising platinum and palladium prices. (fool.com)
  • The last couple of times we saw relative stock prices like those we see today was, first, just before the drop beginning in 2007, at the start of the Great Recession, and again last year, at the beginning of the COVID-19 pandemic. (usgoldbureau.com)
  • U.S. producer prices increased by the most in more than a year in August while retail sales also beat expectations, boosted by a surge in gasoline prices. (zawya.com)
  • He added that prices for platinum and palladium were probably near a floor. (afr.com)
  • Palladium Prices Are Exploding. (moneymetals.com)
  • Palladium Prices Are Exploding - Here's Why It Matters. (moneymetals.com)
  • Palladium prices went parabolic once before. (moneymetals.com)
  • Gold prices often drop in March - Directly following the CNY, Gold prices which are cyclical in nature start to drop on the back of lower demand. (avatrade.com)
  • But, even with the prices of platinum, palladium and rhodium at half of their peak prices in 2022, converters are still being stolen at record rates. (brakeandfrontend.com)
  • The supply and demand dynamics are quite solid, and they are talking to a tightening market which should be supportive of prices. (gold-eagle.com)
  • Prices for key agricultural commodities are forecast to decline steadily through to the end of next year, thanks to downward pressure from growth in grains production outpacing consumption. (focus-economics.com)
  • US storage is expected to remain above the five-year average for the remainder of this year, which suggests a limited upside in prices throughout the year. (focus-economics.com)
  • For years, rising demand and undersupply of palladium pushed prices higher, while lacklustre consumption and more plentiful availability kept platinum prices low. (financedigest.com)
  • Palladium prices have fallen sharply in recent months , while platinum prices show signs of recovery. (financedigest.com)
20222
  • 2022 Australia 1 oz Platinum Prf Mythical Creatures: The G. (apmex.com)
  • Furthermore, it is estimated that platinum-for-palladium substitution will reach around 620 koz this year, against 385 koz in 2022. (valleycentral.com)
Driven7
  • EV s will outsell their petroleum-driven equivalents within two decades, Bloomberg New Energy Finance estimated last year. (risk.net)
  • While EV demand currently makes up just 3% of nickel demand, that figure is projected to surge to a fifth in the coming years and the price of the metal will be driven by the success of EV s, according to the bank. (risk.net)
  • Demand is also being driven by platinum being considered as a substitute for palladium for use in autocatalysts. (goldseek.com)
  • A chip shortage driven slowdown in auto production could hurt demand, analysts at UBS said. (brecorder.com)
  • Supply of palladium falls short of net demand and is driven primarily by the increased demand in the autocatalyst segment. (agoracom.com)
  • Conversely, the medical sector is forecast to experience a 3% increase in demand to 292 koz, driven by the expanded use of platinum in medical devices and cancer treatments, especially in emerging markets. (valleycentral.com)
  • The shortage 17 years ago was driven by demand. (moneymetals.com)
Bullish5
  • Rising client demand for commodities exposure through structured investments such as payouts that work in both a bullish and bearish oil market have boosted revenues and volumes, says Olivier Godin, head of commodities for Asia-Pacific at Societe Generale. (risk.net)
  • The worst performing metal this week was palladium, down just 1.02 percent, as hedge funds cut bullish positioning to a 5-month low. (goldseek.com)
  • More bullish views of platinum ahead. (goldseek.com)
  • This is bullish for palladium and bearish for platinum. (agoracom.com)
  • That is bullish for palladium, but bearish for platinum. (agoracom.com)
Roughly4
  • Platinum derives its name from the Spanish word platina, which roughly translates to "little silver. (goldsilver.com)
  • The metal's pattern of having a sharp spike roughly once every 10 years is interesting. (gold-eagle.com)
  • Denver-based Newmont closed its roughly $15 billion acquisition of Newcrest Mining Ltd. on Monday, ending a nearly year-long effort to buy the Australian gold miner. (kitco.com)
  • While supplies from mining have stayed roughly the same, platinum recycling is adding to the surplus of platinum in the market. (agoracom.com)
Rhodium demand1
Market23
  • Despite forecasts for relatively large deficits for platinum and even bigger deficits for palladium, the market does not really seem to trade as a tight market. (lbma.org.uk)
  • Secondly, if you look at lease rates, sponge ingot discounts and so on, and you look at where platinum and palladium are trading, one has to ask why this is happening if market consensus is for large deficits in both markets going forward. (lbma.org.uk)
  • Since then, we have seen almost 800,000 ounces of platinum being taken out of the market via ETFs, and the platinum price is actually lower now than at the start of May. (lbma.org.uk)
  • There are other signals in the market that tell us, at least on the consumer side, that there are no major issues about the supply of platinum and palladium yet. (lbma.org.uk)
  • The market is controlled primarily by three companies - Anglo American Platinum (Amplats), Impala Platinum (Implats), and Lonmin. (wikipedia.org)
  • Assuming that investment demand in 2018 is similar to last year, the market is likely to remain in modest surplus," the firm added, according to Reuters. (agmetalminer.com)
  • Platinum offers the largest and most liquid market of the group. (gold-eagle.com)
  • This varied demand keeps the market stable. (mfea.com)
  • CPM states that, contrary to market opinions, platinum use in auto catalysts has not declined from 2015 to 2017, but has been growing, albeit at rates of between 0.9% and 2% a year. (miningweekly.com)
  • Further, the firm remarks that jewellery demand, the metal's second-largest, has not made up for the decreased demand for platinum from the automotive market. (miningweekly.com)
  • he increase in demand from this source has offset some of the weakness in demand from the passenger vehicle market as well as the jewellery market. (miningweekly.com)
  • Further, CPM notes that demand from the US commercial vehicle market is showing signs of slowing, pointing out that, owing to the fact that it accounts for about 40% of the global market, such a slowdown points to further "pain" for platinum on the demand side in the coming years. (miningweekly.com)
  • In fact, with the exception of the period between 2012 and 2014, the platinum market experienced large surpluses, of total supply relative to fabrication demand for most of the time since 2003. (miningweekly.com)
  • CPM highlights that, with all this "well known" in the platinum market, the weakness in platinum fundamentals seems to be, for the most part, already factored into the metal's price. (miningweekly.com)
  • The palladium market is therefore forecast to be in oversupply in 2009 by 655,000 ounces. (kitco.com)
  • The existence of a surplus in the palladium market has weighed on the price over recent years. (kitco.com)
  • The two tables reveal that the platinum market has a surplus, with supply exceeding net demand. (agoracom.com)
  • However, it still expects a significant surplus in the platinum market this year. (actionext.com)
  • The thermal insulation effect of this kind of block is the most ideal, and it is the product with the largest demand for building energy saving and the most lacking in the market. (actionext.com)
  • It also highlighted the importance of understanding the palladium market when considering an investment in palladium or platinum. (sprott.com)
  • For 2024, demand is expected to increase by 3% to 1,903 koz, with gains in China and India expected to be offset by a weaker North American market. (valleycentral.com)
  • In conjunction with the surge in lease rates, the palladium market has moved into backwardation. (moneymetals.com)
  • We saw some significant buying for Palladium however, which fits with the general market mood. (goldmoney.com)
Copper2
Gold26
  • But in the comparison of gold vs. platinum, has not yet surpassed gold as the most valued metal in the marketplace, despite being rarer. (goldsilver.com)
  • Although the exact quantity of palladium on the planet is unknown, we do know that it's more abundant than platinum and gold. (goldsilver.com)
  • THREE of them (gold, silver and platinum) are used for jewelry. (conservativetruth.org)
  • But only TWO - gold and silver - have been used as money for the last 6,000 years. (conservativetruth.org)
  • Platinum lost its crown to gold in 2015. (gold-eagle.com)
  • SWOT Analysis: Will Gold Rally to $1,500 This Year? (goldseek.com)
  • U.S. Mint data shows that American Eagle gold coin sales fell 8 percent in March, marking two straight months of declines after reaching a two-year high in January. (goldseek.com)
  • Mongolia s central bank reported on Monday that its purchases of gold in the first quarter declined by 71.6 percent year-over-year. (goldseek.com)
  • CPM elaborates that, as a consequence, platinum imports into China have declined significantly from a 2013 peak, while platinum trading volumes on the Shanghai Gold Exchange are running at about one-third of their 2013 levels. (miningweekly.com)
  • Newmont Corp., the world's top gold producer, will forge ahead on a plan to find $2 billion in cash (including through mine sales and project divestments) after closing the largest takeover in the mining industry this year. (kitco.com)
  • The only other comparable streak of optimism over the past 22 years of data is leading up to the December 2, 2004 gold high when the DSI was at, or above 90 percent for 20 consecutive days. (kitco.com)
  • It's not as rare as palladium, but it's rarer than gold and harder in pure form. (firstnationalbullion.com)
  • Gold steady on safe-haven demand early Monday amid rising global coronavirus cases and a weaker dollar, meanwhile, palladium is holding near record. (dillongage.com)
  • This alternative metal is beloved by many, because it is affordable compared to platinum, palladium, or white gold. (justmensrings.com)
  • Silver started the year with a bang - but even it lagged gold as negative economic news made bigger headlines. (bullionvault.com)
  • In comparison, platinum's ground abundance is at 0.005 ppm, gold is uncovered at 0.004 ppm, and palladium is found at 0.015 ppm. (kitco.com)
  • For gold, over 475 years, platinum over 380 years, and beyond 125 years for palladium. (kitco.com)
  • UK Scrap Gold has operated for over 20 years as reliable gold scrap specialists for people wishing to sell scrap gold, silver or even platinum. (ukscrapgold.co.uk)
  • However, so far this year it appears that the alluring sheen of gold isn't as alluring as it usually is. (spendmatters.com)
  • With Diwali, the Hindu festival of lights, in November, it remains to be seen if gold demand will pick up during what is a normally busy time for gold buying in the country. (spendmatters.com)
  • For gold and silver it was more of a week of profit taking, and there were more sellers than buyers in the quiet trading which is the first time we've seen that this year. (goldmoney.com)
  • GoldMoney is one of the world's leading providers of physical gold, silver, platinum and palladium for retail and corporate customers. (goldmoney.com)
  • For example, today it takes almost the same amount of gold to buy a barrel of crude oil as it did 60 years ago which is in stark contrast to the price of oil in terms of national currencies such as the US dollar. (goldmoney.com)
  • The miner said its mineral reserves were up 202% to 864,000 ounces of gold since year-end 2019 and after 2020 depletion. (gold-eagle.com)
  • Gold was off $10.88 to $1,587.82 and silver was down $0.30 to $27.23 yesterday morning, raising the silver/gold ratio to 58.3, the highest reading so far this year. (townhall.com)
  • If you buy six ounces of gold this year, you'll only have six ounces of gold next year, and the year after. (townhall.com)
PPLT1
  • The biggest source of demand for platinum ( PPLT ) and palladium ( PALL ) is the automotive industry where emission standards are becoming increasingly stringent. (agoracom.com)
Weaker3
  • this year, the most since at least 1985, as demand drops 18 percent to 548,000 ounces because of weaker auto sales and as supply increases 3.5 percent. (kitco.com)
  • Stronger demand from China should largely offset weaker GDP growth in developed economies, soft global goods demand and deflating housing markets as interest rates rise in most countries. (focus-economics.com)
  • Weaker demand has come at a time when we continue to see supply growth. (focus-economics.com)
Silver5
  • Per unit of mass, platinum far exceeds the price you'll pay for silver. (goldsilver.com)
  • Industries such as electronics, solar energy, and healthcare have all seen a surge in demand for silver. (mfea.com)
  • Historical fact: In the 16th century, Spanish explorers thought platinum was an immature form of silver. (mfea.com)
  • Industrial use alone comprises 52% of all demand for silver, so it, too, is vulnerable in a slowing economy. (bullionvault.com)
  • However, we did execute very large liquidations of silver holdings by clients who held these for 4-5 years, and have given up on waiting for the price to get back to its heydays level," he added. (livemint.com)
Fouad Egbaria1
  • Last month, as my colleague Fouad Egbaria wrote , the platinum-palladium relationship began to reflect its traditional historical dynamic. (agmetalminer.com)
Johnson Matthey4
  • According to Johnson Matthey, as reported by Reuters , platinum looks to be headed for another surplus in 2018. (agmetalminer.com)
  • Before accounting for investment, we expect global platinum consumption to rise slightly," Reuters quoted Johnson Matthey as saying. (agmetalminer.com)
  • net global palladium demand is forecast to decline by 3.8 per cent to 6.52 million ounces this year according to Johnson Matthey. (kitco.com)
  • compared with a shortfall of 240,000 ounces last year, after a 33 percent drop in demand from autocatalyst makers, London-based Johnson Matthey said in a report. (kitco.com)
Autocatalysts1
Outlook1
Anglo American Platinum2
  • On 15 November 2014 workers at South Africa's major platinum producers - Anglo American Platinum, Impala Platinum, and Lonmin - went on strike demanding that wages be immediately doubled. (wikipedia.org)
  • The Public Investment Corp, which manages South African government worker pensions, said it has invested more than $7.4 billion in mining companies including Sibanye Stillwater, Anglo American Platinum and Impala Platinum Holdings, reports Bloomberg. (gold-eagle.com)
Price12
  • As you can see in the chart below, the price ratio of a palladium vs. platinum has varied wildly. (goldsilver.com)
  • Palladium is more common in industrial uses due to its similarity to platinum at a normally lower price point. (goldsilver.com)
  • Although both platinum and palladium may see a slightly extended cooldown in the near term, the longer term could see more price increases - especially for the latter metal. (agmetalminer.com)
  • Palladium Price And Rhodium Are On Fire, Is Platinum Price Next? (gold-eagle.com)
  • However, the low palladium price will boost physical investment demand and jewellery demand will rise slightly. (kitco.com)
  • Demand for palladium will benefit from a recovery in vehicle production volumes and if the funds continue to invest the palladium price could rise to $390 during the next six months. (kitco.com)
  • For investment-related purposes, it's generally easier to find solid forms of platinum, such as bars and coins, in a greater variety of sizes and price ranges. (firstnationalbullion.com)
  • While platinum used to command a much higher price than palladium, the roles have now been reversed, and palladium is now worth more. (agoracom.com)
  • There is about seven-plus years until we are actually producing any metal, so we are not talking about producing in the current commodity price environment, nor have we designed our operation in the current spot price, commodity price environment," he said. (afr.com)
  • He said Chalice had relied on AME Group for the supply and demand models that underpinned the commodity price assumptions. (afr.com)
  • We find it incredibly hard to believe a lower [platinum group element] price than what we are seeing today," he said, adding that the study reflected only one portion of the geological opportunity in the Julimar province, which is 70 kilometres north-east of Perth. (afr.com)
  • In particular, its lower density and relatively lower price make it an attractive alternative to platinum in certain applications, such as catalytic converters for vehicles. (diamondrensu.com)
Jewellery demand1
  • China is the largest consumer of platinum jewellery and a relative slowdown in economic growth in the country over the past few years, coupled with a crackdown on graft, weighed on platinum jewellery demand in China to some extent. (miningweekly.com)
Producer2
  • Amplats is the world's largest producer of platinum. (wikipedia.org)
  • Much will depend on weather events-South America, a major agricultural producer, has been hampered by drought in recent years. (focus-economics.com)
WPIC1
World Platinum Investment Council1
Forecast7
  • While secondary supply is forecast to continue declining, mine supply is not expected to decline sharply, or at least sharply enough over the next few years. (miningweekly.com)
  • The forecast for 2019 calls for more of the same, assuming there are no unforeseen events that could disrupt the supply and demand equation. (agoracom.com)
  • For 2024, global platinum mine supply is forecast to grow by 3% (+191 koz) year-on-year to 5,743 koz, with a 5% improvement in South African output expected. (valleycentral.com)
  • While industrial demand is forecast to fall 11% in 2024, it will nevertheless be the third-highest level on record at 2,367 koz. (valleycentral.com)
  • According to a report from the International Zinc and Lead Study Group (ILZSG), global demand for lead and zinc is forecast to rise for this year and next. (spendmatters.com)
  • Global zinc demand is forecast to rise 0.4% and 1.1% in 2018 and 2019, respectively. (spendmatters.com)
  • Lead demand is forecast to rise more modestly, by 0.2% and 0.7% in 2018 and 2019, respectively. (spendmatters.com)
Past 12 months1
Decline1
  • The firm comments that, while fabrication demand for platinum has been in decline, mine supply has not decreased sufficiently to offset the lack of growth in demand. (miningweekly.com)
Carmakers1
Supply6
Availability of platinum1
20182
  • Platinum fell 14 percent in 2018, but is starting to see a rebound this year. (goldseek.com)
  • U.S. Mint data shows that first quarter sales of platinum coins surpassed the amount sold in all of 2018. (goldseek.com)
Mike McGlone1
Durability1
  • Platinum is often favored for its durability, high purity, and natural white finish. (diamondrensu.com)
Lucrative1
  • It has shown resilience in recent years when supplies were low, making it a potentially lucrative investment. (mfea.com)
Commonly used in jewelry2
20191
  • The four main demand segments of palladium are shown below with 5-year ranges (2015 to 2019) shown. (sprott.com)
Stricter1
  • Since governments are enforcing stricter regulations on car pollution, demand for palladium could surge. (mfea.com)
Corrosion2
  • Platinum is corrosion-resistant, extremely durable and appealing from an aesthetic standpoint. (goldsilver.com)
  • While platinum has been a popular choice for investment and luxury items due to its rarity, density, and resistance to corrosion, palladium has gained prominence in recent years due to its unique characteristics. (diamondrensu.com)
Russia2
  • However, Russia, which supplies about 40% of the world's demand, found new trade routes through Asia to sell its metal. (kitco.com)
  • There is no sign that western sanctions against Russia have restricted palladium exports since the conflict escalated in February, but as the conflict continues, more companies could boycott The Russian metal and governments could impose restrictions. (actionext.com)
Consumption1
Autocatalyst1
  • Autocatalyst demand will be depressed by lower light duty vehicle production in most regions. (kitco.com)
Versus1
  • In this regard, when one looks at imports of palladium versus vehicle production data, questions are being raised about how much palladium China recycles. (lbma.org.uk)
Physically backed3
  • The South African ABSA physically backed ETF was launched in May this year. (lbma.org.uk)
  • Although we have not seen the launch of a South African physically backed palladium ETF yet, and I guess the jury is out as to what will happen there, the outcome after a few months may be the same as for platinum. (lbma.org.uk)
  • Negative investment demand is due to net sales from physically backed Exchange Traded Funds (ETFs) over the period. (sprott.com)
2,0001
  • Rhodium saw a top near $4,000 in the early 1990s and it made a run north of $2,000 about 10 years later. (gold-eagle.com)
Platinum's1
  • Platinum's wider and more diverse end-uses protects its demand against sudden or unexpected changes in automotive demand far more than is the case for palladium. (sprott.com)
Shortages1
  • Elevated global uncertainty will continue to fuel safe-haven demand, and recovering global car production as semiconductor shortages fade will boost platinum and palladium demand. (focus-economics.com)
Global3
  • These headwinds are expected to continue in 2024, meaning global recycling of platinum is expected to see only a modest improvement in 2024, increasing by 7% (+96 koz). (valleycentral.com)
  • The Chinese New Year impacts various financial markets as China is such a leading player and consumer on the global economic stage. (avatrade.com)
  • China, which is the world's second-largest economy and the largest global manufacturer and consumer of commodities anywhere, comes to a complete standstill for several weeks in the run-up to the Chinese New Year. (avatrade.com)
Million4
  • The strike cost the platinum industry around 1.2 million ounces of production, worth about 24 billion rand ($2.25 billion). (wikipedia.org)
  • Total supplies of palladium, including the sale of 960,000 ounces from Russian state stocks, are expected to fall by 1.8 per cent to 7.18 million ounces. (kitco.com)
  • In October, Stillwater said it would offer $345 million in convertible 20-year notes . (fool.com)
  • I've got a 12.5-year average age, I've got 120 some million vehicles that are over the age of 12 and a ton of them over the age of 20. (brakeandfrontend.com)