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It’s been an exciting few months for the precious metals sector, but the metal of the month for October was undeniably palladium, which reached two all-time highs during the period. In mid-October, the metal hit US$1,784 per ounce; then, a week later, it climbed to just above US$1,800. https://investingnews.com/daily/resource-investing/precious-metals-investing/palladium-investing/palladium-price-reaches-all-time-highs/?mqsc=E4099130

Speculators are starting to place bets on a recovery in the price of #platinum in the belief that car makers will be forced to switch from high-priced #palladium used in #exhaust gas #emission control systems. https://www.forbes.com/sites/timtreadgold/2019/03/06/platinum-in-focus-as-car-makers-switch-from-high-priced-palladium-in-exhaust-systems/#18da79c3657c

PGM Recovery Systems, Inc. Will Be Attending The 76th Annual Automotive Recyclers Association (ARA) Convention & Exposition in Charlotte, NC Oct. 10-11, 2019. Come visit us at BOOTH #821!

https://web.a-r-a.org/events/ARAs76th%20Annual%20Convention%20%20Exposition-2/details

https://pgmrecoverysystems.com

Investment demand is currently driving the #platinum sector, which is forecasted to experience a 9 percent increase for 2019, said the World Platinum Investment Council (WPIC) in its most recent quarterly report released on Friday (September 6). https://investingnews.com/daily/resource-investing/precious-metals-investing/platinum-investing/wpic-platinum-demand-supply-decreases/?mqsc=E4085068

The structural deficit on #Rhodium is just getting worse and worse. The Rhodium fix since 2016 reflects that. April 1, 2016 saw Rhodium at $740/Toz. Today, August 30, 2019 it’s at $5,000/Toz. That is a whopping 6.75x increase. https://www.kitco.com/commentaries/2019-08-30/Is-Rhodium-Pulling-A-Thelma-Louise-On-Us.html

#Russian miner #Norilsk Nickel’s Global #Palladium Fund plans to buy between 300,000 and 500,000 troy ounces of palladium by the end of 2019, the #miner’s chief financial officer said on Thursday. https://www.reuters.com/article/us-nornickel-palladium/nornickels-palladium-fund-to-buy-up-to-500000-oz-in-2019-cfo-idUSKCN1VB1HU?rpc=401& https://pgmrecoverysystems.com/

Fresh off a Section 232 investigation into foreign uranium imports, US President Donald Trump has issued another directive aimed at bolstering domestic production of rare earths. https://investingnews.com/daily/resource-investing/critical-metals-investing/rare-earth-investing/us-rare-earths-production-issue-national-security/?mqsc=E4072601

Although #platinum remains the laggard within the precious-metals complex, it is starting to catch up as platinum continues to see unprecedented investor demand. https://www.kitco.com/news/2019-07-30/Platinum-s-Tide-Is-Turning-World-Platinum-Investment-Council.html

#Platinum was relatively overlooked for its sister metal palladium in the first half of the year, but the precious metal still managed to gain over 5 percent during H1 2019. https://investingnews.com/daily/resource-investing/precious-metals-investing/platinum-investing/platinum-price-update/?mqsc=E4070579

Most analysts characterize #palladium as being in a large annual supply/demand deficit. The metal has been the strongest in the precious complex due to strong demand for use in #automotive #catalyticconverters. https://www.kitco.com/news/2019-07-16/Metals-Focus-Matter-Of-Time-Before-Palladium-Breaks-Consolidates-Above-1-600-Oz.html

Anglo American #Platinum (Amplats) (OTC Pink:AGPPF,JSE:AMS) won’t be releasing its half-year results until the end of July, but the platinum-group #metals (#PGMs) miner said on Tuesday (June 25) that headline earnings for that timeframe will be at least 80 percent higher year-on-year. https://investingnews.com/daily/resource-investing/precious-metals-investing/platinum-investing/amplats-profits-soar-higher-pgms-prices/?mqsc=E4065275

#Palladium demand is up while supply is down, which has resulted in impressive price gains. But will the healthy market for palladium continue as the world goes electric? https://investingnews.com/innspired/palladium-demand-hybrid-vehicles-emissions-standards/?mqsc=E4061417

#Palladium is set to remain in a supply deficit for the duration of 2019, while platinum’s supply surplus will linger, says Metals Focus. https://investingnews.com/daily/resource-investing/precious-metals-investing/palladium-investing/metals-focus-more-gains-palladium-2019/?mqsc=E4054268

#Platinum demand rose by 32 percent year-on-year during the first quarter of 2019 thanks to a substantial increase in exchange-traded fund (ETF) investment, the World Platinum Investment Council (WPIC) states in its latest quarterly platinum report, released on Monday (May 13). https://investingnews.com/daily/resource-investing/precious-metals-investing/platinum-investing/wpic-platinum-demand-spikes-etf-investment-surge/?mqsc=E4053973

Platinum-group metals (PGMs) miner Lonmin (LSE:LMI) is expected to delay or reduce the amount of jobs it was forecast to cut in South Africa.

https://investingnews.com/daily/resource-investing/precious-metals-investing/palladium-investing/lonmin-cut-fewer-jobs-strong-palladium-price/?mqsc=E4054550

https://pgmrecoverysystems.com

Sibanye-Stillwater (NYSE:SBGL,JSE:SGL) released its first quarter results for 2019 on Thursday (May 9), noting that an increase in platinum-group metals (PGMs) production helped the miner weather a quarter that was plagued by a five month strike. https://investingnews.com/daily/resource-investing/precious-metals-investing/platinum-investing/pgms-production-saves-sibanye-during-q1/?mqsc=E4053009

#Platinum is the third most traded precious metal in the world and the most commonly traded commodity from the platinum-group metals. It is widely used in a variety of sectors, and in recent years high demand and low supply have pushed the platinum market into deficit. https://investingnews.com/daily/resource-investing/precious-metals-investing/platinum-investing/how-to-invest-in-platinum/?mqsc=E4052475

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