Palladium

Palladium holds up better than expected in LBMA poll

By Nicholas Larkin

Best-performing precious metal palladium is holding up better than most analysts anticipated in the annual London Bullion Market Association survey while gold, silver and platinum have surprised every forecaster.

Palladium’s low of $646.95 an ounce so far this year is still higher than 17 of 20 forecasts made in the survey published by the LBMA in January. Prices are up 3.8 percent this year at $730.67 in London, Read more

Investors shy away from gold, buy palladium

Palladium prices have reached their highest versus gold in more than two years this week as a rally in risk assets boosts the appeal of industrial commodities, with further rises likely as the economic recovery gains impetus.

The ratio of gold to palladium slid to 1.81 on Monday, its lowest since March 2011, as firm U.S. jobs data fuelled hopes the U.S. recovery is on track, and after Standard & Poor’s revised up its sovereign credit outlook for the United States. Read more

An odd market – Sprott’s Rick Rule picks platinum, palladium and uranium

By Lawrence Williams

In his pre-lunch presentation at the Metals & Mining Investment Conference in New York, consummate presenter, Sprott Global Resource Investment’s chairman, Rick Rule, began by describing the current market for mining stocks – and for gold stocks in particular – as an odd market, not acting in the way most had expected it to, including himself.  Read more

Record autocatalyst demand extending palladium shortages

By Joe Richter

Demand for palladium, last quarter’s best-performing precious metal, is exceeding supply for a second consecutive year as mine production stagnates while sales by automakers, the biggest buyers, reach record highs.

Consumption will beat production by 511,000 ounces in 2013, or about what the car industry uses every seven weeks, Barclays Plc estimates. Morgan Stanley expects deficits to persist until at least 2017 and predicts a record Read more

Platinum, Palladium Shortage Most in a Decade on Supply

By Nicholas Larkin

Platinum and palladium will return to the biggest shortages in at least a decade this year as strikes and safety stoppages in South Africa and falling sales from Russia cut supplies, Johnson Matthey Plc (JMAT) said.

Labor disputes in South Africa will help cut platinum output to the least since 2000 and leave the market short by 400,000 ounces, the most since 2002 and compared with last year’s surplus of 430,000 ounces, Read more

Hedge Funds Returning to Palladium as ETPs Retreat: Commodities

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By Nicholas Larkin and Debarati Roy

Hedge funds are siding with analysts predicting decade-high palladium prices even as investors cut holdings in exchange-traded products backed by this year’s worst-performing precious metal.

The funds’ wagers on a rally more than doubled since August as ETP holdings slumped to a seven-month low this month, data compiled by Bloomberg show. Read more

Palladium set for glum October as demand outlook weighs

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By Jan Harvey

Palladium is heading for its biggest one-month drop since May in October as a weak demand picture for the autocatalyst metal reins in gains made on the back of U.S. monetary stimulus and a sharply higher platinum price.

Prices swung to their lowest since mid-August last week from the six-month high above $700 an ounce they hit in September, Read more

Global palladium supply faces substantial deficit-Stillwater Mining

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By Dorothy Kosich

Palladium demand is intensifying globally as a result of substitution of palladium for platinum in gasoline and diesel catalytic converters; expanding automotive production; and more stringent government emissions regulation, says a new white paper by Stillwater Mining, the sole PGM miner in the United States.

These demand drivers are driven by such fundamentals as price-driven Read more

Despite lower prices, palladium market will rally-HSBC

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By Dorothy Kosich

In a recently published analysis, HSBC lowered its average palladium forecasts for 2012, 2013 and 2014, but stressed “we expect the market to rally from current low levels.”

HSBC Securities (USA) analysts James Steel and Howard Wen forecast the palladium market “will move back into a substantial deficit of 544,000 ounces in 2012, Read more

Palladium: Nowhere But Up?

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By Rosalyn Retkwa

Of all the precious metals of interest to investors, palladium may be the one to watch going into the second half of 2012.

Palladium’s supply and demand fundamentals are bullish for the metal’s price, with a widely predicted supply deficit starting this year and deepening by next. Meanwhile, demand is rising. Read more

Prophecy Platinum Wellgreen Animation: A very large precious and base metals resource

Prophecy Platinum’s Wellgreen deposit in Canada’s Yukon Territory contains a very large and rich base and precious metals resource. Read more

Prophecy Platinum co-founder: We’re de-risking an enormous PGM-Ni project

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Prophecy Platinum Corp. (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) is an exploration company focused on developing platinum group metals and nickel sulphide projects. The company’s flagship Wellgreen Ni-Cu-PGM Nickel property is a unique base and precious metals project in Canada’s Yukon Territory with an NI 43-101 compliant report: 289 million tonnes in inferred resources with 0.38% Ni, 0.35% Cu, 1.18 g/t PGM+Au and 14 million tonnes indicated at 0.69% Ni, 0.62% Cu, 2.25 g/t PGM+Au. Executive editor Doug Hadfield spoke with co-founder Greg Hall at the World Resource Investment Conference in June.

Platinum to remain in surplus, palladium to move to deficit in 2012 – Johnson Matthey

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By Geoff Candy

GEOFF CANDY: I am joined now by Dr. Jonathan Butler, he is the publications manager at Johnson Matthey and they have just released their Platinum Survey 2012. In 2011,total demand for platinum rose 2% while supply rose to a four-year high, up 7% in total. What were there drivers behind those two moves? Read more

Palladium, Nickel Seen Gaining From China Consumption Shift

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By Glenys Sim

Aluminum, nickel, palladium and gold may benefit from China’s shift toward consumption-driven growth from an economy fueled by investment, while agricultural products are set to lag behind, according to Barclays Capital.

Commodities with so-called strong links to rising living standards and changing tastes such as coffee stand to gain from the transformation, analysts led by Kevin Norrish wrote in a report dated yesterday. The growth in demand for steel, copper and zinc may slow as their intensity of use drops, they said. Read more

With global economic upheaval, an historic rise in precious metals. A conversation with CPM Group’s Jeffrey Christian

Exclusive to resourceINTELLIGENCE

Jeffrey M. Christian is the Managing Director and founder of CPM Group. Under his direction the company has become one of the world’s foremost authorities on the markets for precious and other metals, foreign exchange markets and commodities derivatives. Jeff has written and spoken extensively about precious metals and commodities markets, as well as world financial and economic conditions. He has been involved in much of the pioneering work applying economic analysis and econometrics to commodities markets, as well as efforts to improve the quality of commodities market research. Mr. Christian created CPM Group in June 1986, when he and his associates within the Commodities Research Group in the Goldman, Sachs Investment Research Department left that company as a unit to set up an independent research company.

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South Africa’s PGM production plummets

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By Peter Koven

South Africa produces three quarters of the world’s platinum, and is also the second largest producer of palladium (known together as the platinum group metals, or PGMs). So production fluctuations in the African nation can have an enormous impact on global supply.

That seems to be happening right now. Read more

Copper, palladium up on hopes for growth

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Copper (HG-FT  3.45  0.04  1.11%) and palladium (PA-FT  660.90  6.50  0.99%) prices are rising on hopes that economic growth in the United States is gaining steam.

Copper for March delivery rose 2.1 cents Thursday to $3.4155 (U.S.) per pound. March palladium rose $20.30, or 3.2 per cent, to $654.40 an ounce Read more

Positive prognostications on palladium prices

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By  Lawrence Williams

In his introduction to a presentation for palladium and gold miner/developer, North American Palladium, at the Denver Gold Forum, company CEO William Biggar put forward his views on his confidence in the likely strong performance of palladium in the years ahead.

As the key to his viewpoint, Biggar pointed to statistics showing that mine supply from the two major producers, South Africa and Russia, is flat at Read more

Palladium Hits Highest Level Since February; Platinum Also Rises

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By Allen Sykora

Palladium rose sharply and platinum also posted solid gains Tuesday, with analysts citing worries about a coal strike in South Africa ultimately cutting power to mines.

Additionally, traders cited worries about potential work stoppages at metals-mining companies themselves, as well as a weaker U.S. dollar and an improved outlook for the automobile industry. Read more

CPM Group: Chinese Palladium, Rhodium Demand Up In 2010; Platinum Demand Falls

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By Allen Sykora

China’s fabrication demand for palladium and rhodium rose in 2010 due to auto and other industrial uses, while platinum demand fell because of lower jewelry consumption, CPM Group said in its Platinum Group Metals Yearbook 2011 released Tuesday.

China has become one of the world’s biggest consumers of a wide range of commodities, and the consultancy has been expanding coverage of the country in all of the precious-metals yearbooks it produces. Read more

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