Recovering Auto Industry Sees Growth in Platinum
Platinum – The Globe and Mail recently reported that with the resurging auto industry, 2013 looks promising for platinum, which entered an annual period of seasonal strength, averaging at 8.9%.
Articles Tagged "auto industry"
Trader Sees Potential on Platinum
Platinum – CNBC reported that Mercbloc president, Dan Dicker, considers platinum a “sleeper metal" due to its increased demand in the auto industry.
Precious Metals: Palladium Dips on Increased Auto Sales Forecast
Palladium – Reuters reported on precious metals trading on Tuesday noting palladium dipped for the day despite General Motors announcement it is increasing the auto sales forecast for the year.
Palladium Nudges Up on Positive U.S. Auto Data
Palladium – Reuters reported precious metals were up across the board on Thursday including palladium which rose on better than expected auto sales in the U.S.
Auto industry fears rare earth supply squeeze
Rare Earth – Reuters reports that car industry experts foresee problems if exports of rare earth metals from China needed for car production are threatened.
A123 Systems 3Q Loss Widens As Expenses Nearly Double
Lithium – The Wall Street Journal reports that A123 Systems Inc.'s (NASDAQ:AONE) third-quarter loss widened more than expected as higher costs offset improved revenue.
GM bankruptcy lends relief to platinum
Platinum Investing News reports platinum prices doing well with GM bankruptcy. Platinum suffered major setbacks last year, as auto sales grinded to a halt. However, as shrinking auto demand sent prices on a downward spiral, the market got an unexpected boost from bullish investors and jewellers. In 2008, 47 per cent of platinum demand came [...]
Automaker uncertainty bad news for platinum
Platinum Investing News reports platinum price falls with the uncertainty with the automaker markets. 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. Interest in platinum as a safe haven investment in tandem with gold [...]
Palladium capitalizes on down economy
Palladium Investing News reports palladium prices rallied in the bleak economy. On Monday, palladium spent the day range-bound, trading between $219 and $223 in Asia and London before dropping to $210 in early New York trade. However, it returned to $217 at market close. On Tuesday Palladium tracked sister metal platinum to a 4 month [...]
Palladium companies report stark ’08 figures
Palladium Investing News reports palladium prices fell after holding on for a while. Palladium tracked platinum in Asia and London; it dropped to $189 ahead, it finally closed at $190. A quarterly net loss of C$112.4 million has prompted North American Palladium (TSX:PDL) to temporarily shut down its only mine, the Lac de Iles. The [...]
