Political wrangling over the General Motor bailout could well be the silver lining for Stillwater Mining Co. Other automakers continue to use palladium, thereby ensuring higher prices.
The $58 billion federal rescue of General Motors has got the US platinum-group metals (PGMs) producer Stillwater Mining, which had lost its sales contract under the GM bankruptcy petition, [...]
Palladium Investing News reports palladium prices reaches a new high.
Palladium, which is primarily used as a material in catalytic converters, had already posted hefty gains on Monday after data showed U.S. car sales rose to a 2009 high in July.
Increasing confidence in the markets is shifting capital out of the bond market and into equities. [...]
Palladium Investing News reports palladium ETF securities rise.
ETF Securities said on Monday the amount of metal it holds to back its Physical Palladium exchange-traded commodity PHPD.L rose 12,628 ounces or 8 percent in the week to February 6. The ETC now holds 172,911 ounces of palladium.
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Palladium Investing News reports one analyst have predicted that palladium prices could be in a range of $125 to $300 per ounce.
In his opinion, the outlook for palladium is positive in some of its applications. But a worsening economic climate and the possibility of a stronger US dollar could send palladium to as low as $125/oz during the [...]
Palladium Investing News reports on the newly elected President of America and its impact on palladium prices.
Palladium prices are based on U.S. currency, so Tuesday night’s election result will impact palladium’s post election price. A win by Democrat Barack Obama over his Republican opponent John would be marginally better for the dollar, but only because the [...]
Palladium Investing News reports as the dollar weakens with the settling of financial markets, palladiun rallied to about $169.50 per ounce.
Palladium and platinum have both taken big hits due to the health of the auto economy. In the US, between September 2007 and September 2008, car sales fell by 26.6 per cent, and the trends [...]
Monday, November 2, 2009
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