Supply and demand are the essence of any market, and the precious metals are not excepted from this fact. This principle is particularly true of silver, however. More so than even gold, which has tremendous existing stockpiles that are frequently remelted (and endlessly loaned out), the price of silver is sensitive to disruptions in the mining industry.
Unless someone is deeply involved in the commodities trade or some specialized industrial process, they are probably unaware of the market for the somewhat obscure metal rhodium. Although it is sometimes used to coat white gold or silver jewelry, rhodium’s primary usefulness is as a catalyst in automobile exhaust systems. Unsurprisingly, it is a Platinum Group […]
Platinum and palladium are grouped together with the precious metals, and they certainly enjoy a modest level of demand from investors looking for the diversity of a tangible asset. However, these two commodities are also appropriately classified as industrial metals—the primary industry using them being the manufacture of automobiles.
2017 is shaping up to be the sixth year in a row where lithium production has fallen short of demand. 175,000 metric tons of Lithium Carbonate Equivalent (LCE) was produced in 2016, compared to an estimated demand of 185,000 tons. With lithium metal prices tripling over the last three years, and electric vehicle (EV) sales […]
There is no doubt that the question of how to generate cheap, clean, and sustainable energy will be one of the most pressing challenges for this generation of entrepreneurs and innovators. In the wake of the plunge and fluctuations of crude oil prices the past two years, much has been made of the attractiveness of […]
Along with Russia, South Africa is one of the world’s main sources of Platinum Group Metals (PGMs)—namely, platinum and palladium. In terms of the proportion of the annual global supply of these metals that South African mining provides, the totals are 40% for palladium and a staggering 70% for platinum. Nonetheless, it’s been a trying several […]
Much is made of the gold-silver ratio—the spread between the price of gold and its precious metal cousin, silver. Indeed, because of silver’s considerable industrial applications, this price ratio helps alert observers to trends in economics and the financial markets. At the same time, it can offer investing opportunities, as well. More often overlooked is […]
Platinum shares a kinship with silver in that both metals are simultaneously industrial metals and precious metals. This creates interesting dynamics in the supply and demand for platinum in ways that differ from gold.
It’s not entirely surprising that in addition to enjoying vast precious metal deposits, South Africa has long been a world-leader in the international gold coin market. The flagship South African Gold Krugerrand was the first modern bullion coin available on the global market in 1967. Krugerrands quickly ended up displacing out-of-issue British gold sovereigns as […]
A source of possible upward pressure on the platinum price has been lifted with the two-year wage agreement reached between Impala Platinum Holdings Ltd. (IMP), often called Implats, and the National Union of Mineworkers (NUM) in South Africa.
South Africa is consistently among the world’s top platinum producers each year. It is a country endowed with a wealth of natural resources—especially the precious metals gold and platinum. In fact, South Africa is probably the most resource-rich region anywhere in the world. Not surprisingly, the South African economy is reliant upon its mining industries. […]
The idea of extracting precious metals from waste sounds like a brilliant enterprise in theory. Most commonly, this is done with recycling scrap gold or broken electronics (which contain small amounts of gold in their components). One company thinks it has finally found a nontoxic way of extracting precious metal content from electronic waste (e-waste).
The Platinum Group Metals are apparently coming back into vogue among bullion investors. The two PGMs (platinum and palladium) are rallying more than their precious metal cousins of late, and the markets have responded.
This week, the American Platinum Eagle, the official but oft-forgotten platinum bullion coin of the United States Mint, once again went on sale for the first time since 2014.
With all of the attention on the admittedly impressive performance of silver prices and gold prices this year, you may be surprised to find that palladium has actually outpaced both metals over the past month.
2016 has a been a banner year for the vast majority of mining companies. This has been especially true for gold miners, but the broader commodities sector has also been buoyed by the rising tide and falling global currencies.
The notorious emissions-cheating scandal that befell VW, officially known as Volkswagen AG (VLKAY), isn’t over yet, apparently.
Although often overlooked relative to the silver and gold markets, platinum is primarily an industrial metal that combines beauty, rarity, and status as a precious metal. Not only are there developments worth watching in the platinum mining industry, but the metal could also offer interesting trading opportunities for bullion investors.
Over the course of the bear market that tore through the commodities cycle from 2012-2014, one of the biggest losers was the price of platinum. The lesser-known precious metal that doubles as an important industrial resource reached its nadir of just above $800 per ounce during late 2015 and early 2016. This bottom of the […]
Freeport-McMoRan (FCX) has agreed to sell its Tenke copper mine in the Democratic Republic of Congo (DRC) for a reported $2.65 billion. The buyer is a Chinese company, China Molybdenum Co. Ltd (CMOC), adding yet another valuable mining asset to the company’s—and the country’s—portfolio.