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"
Platinum – CNBC reported that Mercbloc president, Dan Dicker, considers platinum a “sleeper metal" due to its increased demand in the auto industry.
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 – 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.
Rare Earth – Reuters reports that car industry experts foresee problems if exports of rare earth metals from China needed for car production are threatened.
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.
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 [...]
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 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 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 [...]