Platinum Investing News
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Platinum gets mixed response as crude oil drops
Platinum was mixed on Thursday, July platinum rose $2.40 to $1,207.60 an ounce, while September palladium declined $3.35 to $239.70. The drop in the three month contract price was related to declining crude oil. Last week, prices of both platinum and palladium climbed to their highest levels since November 2008-
GM bankruptcy lends relief to platinum
Friday, June 5, 2009
Platinum prices, already on the positive track, got a boost this week from declining greenback and the announcement of GM’s Bankruptcy. GM’s bankruptcy is by no means a positive for platinum, as the auto industry accounts for approximately half of global platinum demand; however, platinum’s price has been reflecting the impending bankruptcy for many weeks.
Automaker uncertainty bad news for platinum
Monday, April 27, 2009
Platinum declined last week; and continued the trend this Monday as uncertainty over the future of US automaker GM put the metal’s near future demand outlook into question. In the current state of the economy, the auto industry is unable to lend support to platinum; but the metal may get some relief from rising safe haven appeal.
Platinum’s alternative investment appeal
Wednesday, April 1, 2009
Platinum is on track for the best quarter in over a year, as demand for the metal as an alternative to gold has nudged prices up 23 per cent. Platinum’s premium to gold stood at $213.15 an ounce yesterday, compared with $1,041.83 a year ago.
Platinum Underwriters Holdings declared financial results
Wed, Jun 24, 2009
Platinum Underwriters Holdings, Ltd. declared financial results for the quarter ended June 30, 2009 after the close of trading on the New York Stock Exchange on Tuesday, July 21, 2009. For full story, click here
Citinickel Mines chided Platinum Group for ’spreading wrong info’
Wed, Jun 24, 2009
Citinickel Mines and Development Corp. has denied an earlier claim of its rival Platinum Group Metals Corp. that the Supreme Court has decided with finality the validity of Platinum’s operating agreement with Oriental Mineral Resources Corp., Citinickel’s parent firm. For full story, click here
Aquaris Platinum has stated re-inclusion in Standard and Poor’s
Tue, Jun 23, 2009
Aquarius Platinum Limited declared that following recent adjustments to the Standard and Poor’s / Australian Securities Exchange index series, Aquarius has been accepted for inclusion in the S&P/ASX 100, effective from the close of trade on 19 June 2009. For full story, click here
Xstrata has struggled to fund hostile bid for Anglo
Tue, Jun 23, 2009
Xstrata may struggle to fund a hostile bid for Anglo American Plc after the rejection of its offer of a “merger of equals” by Africa’s leading mining company. For full story, click here
Anglo American Has rejected Xstrata’s proposed merger of equals
Mon, Jun 22, 2009
Anglo American Plc’s board unanimously rejected a proposal from Xstrata Plc for a “merger of equals” to create a mining company that would compete with BHP Billiton Ltd., the world’s largest. For full story, click here
Impala Platinum Holdings dipped for second day
Wed, Jun 17, 2009
Impala Platinum Holdings , the world’s second- leading platinum producer, dipped for a second day, sliding 9.99 rand, or 5.8 percent, to 162.01 rand. For full story, click here
July PLNR dipped $17.90
Wed, Jun 17, 2009
July PLN9 dipped $17.90, or 1.5 percent, at $1,203 an ounce, taking the lead from weaker crude oil. For full story, click here
Platinum Group Metals has closed financing raising $35 mln
Wed, Jun 17, 2009
Platinum Group Metals Ltd. has closed a $35-million financing, with a large portion of the proceeds going to the restructuring of the Western Bushveld Join Venture. For full story, click here
Platinum Miner Lonmin has lead FTSE 100 rout
Tue, Jun 16, 2009
Platinum miner Lonmin took the wooden spoon after it said had closed down its leading furnace, based in South Africa. For full story, click here
Beartooth Platinum declared sale of Stillwater Assets to Nevoro
Tue, Jun 16, 2009
Beartooth Platinum Corporation declared that it has entered into an agreement with Nevoro Inc. regarding the purchase and sale of the property, plant and equipment comprising the Stillwater Complex currently owned by Beartooth. For full story, click here
- Platinum down by 3 percent while Gold bounces on oil-led buying (2)
- Platinum’s rollercoaster ride (2)
- Automaker uncertainty bad news for platinum (2)
- Platinum gets hit by double whammy; plunges (1)
- US platinum slips on dollar’s rebound,Tokyo platinum up (1)
- Platinum jumps amid speculation about industrial purchase (1)
- Platinum off to a Weak Start (1)
- Platinum continues bearish trend (1)
- Economic woes hit platinum (1)
- After brief retreat, platinum falls again (1)
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Asides 
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Thursday, June 18, 2009
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