Platinum – The Economic Times reported that Japan's Nomura has warned that as many as 121,500 jobs and 60 percent of South Africa's platinum production could be at risk in the next few years as a result of rising mining costs and political risks.
Articles Tagged "Japan"
Rare Earth – Honda Motor Corp (NYSE:HMC) announced that together with TDK Corporation and Japan Metals & Chemicals Co., Ltd., they plan to pursue the reuse of a rare earth metal for use in magnets of new hybrid vehicle motors.
Copper – With supply concerns on the horizon, the copper market could be looking at some positive price movements.
Gold – Leonard Melman, publisher of the Melman Report, believes another downleg is possible for gold, but the long-term bull market is intact.
Gold – Spot gold fell more than $17 June 11 to $1,368.61 an ounce.
Rare Earth – Japan's improving economy is boosting demand for rare metals.
Silver – The Wall Street Journal reported that although silver prices fell 9 percent, hitting a low of $20.25, in the first 10 minutes of electronic trading today, by midday the white metal had climbed 4 percent, to $23.24.
Silver – Silver fell to $22 an ounce today, a decline of $0.528. Earlier in trading, silver declined to $20.84, the lowest price seen since September 2010, Reuters reported.
Gold – Japanese investors are selling yen to purchase foreign bonds, which is pushing up the value of the dollar and lowering the price of gold.
Palladium – Reuters reported that Japan Oil, Gas and Metals National Corp (JOGMEC) confirmed the presence of 188 tons of palladium in South Africa’s Waterberg region.