Platinum – Reuters reported that the US Mint plans to start selling American Eagle platinum bullion coins again on March 10 due to "renewed interest from investors and dealers." It has not sold them for the last four years.
Articles Tagged "Platinum Market News"
Platinum – Bloomberg reported that platinum stockpiles may run out if the most recent round of talks aimed at ending strike action at the operations of Lonmin plc (LSE:LMI), Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) and Anglo American Platinum Ltd. (OTCMKTS:AGPPY) are not successful.
Platinum – Bloomberg reported that according to Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY), South Africa's plans to mint a Nelson Mandela coin are currently at an early stage and still need to get through state bureaucracy.
Platinum – Bloomberg reported that a proposed 15-percent tax on Zimbabwe's platinum exports is garnering heavy criticism. The tax is part of the country's efforts to keep more industry revenue within its borders.
Platinum – The Wall Street Journal reported that in January, Russia increased its output of gold, palladium and platinum by a respective 7.3, 4 and 40 percent.
Platinum – Mining Weekly reported that Zimbabwe, which last year gave miners two years to build a platinum refinery in the country, has shortlisted two firms interested in doing so.
Platinum – Reuters reported yesterday that while thus far striking at major South Africa-based platinum mines has had little effect on prices for the metal, that could change if production is halted for long enough. The tipping point will be the exhaustion of aboveground platinum stockpiles.
Platinum – Mining Weekly reported that although South Africa is rich in platinum, which is used to make make catalytic converters, the country's catalytic converter industry is not thriving. In fact, according to Robert Houdet, executive director of the National Association of Automotive Component and Allied Manufacturers (NAACAM), it is dying.
Platinum – Reuters reported that talks between the Association of Mineworkers and Construction Union (AMCU) and a state mediator have been put off until Monday. Originally the two parties were scheduled to meet today to discuss the ongoing wage strike in South Africa's platinum sector.
Platinum – Bloomberg reported that Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) believes demand for a proposed platinum coin named after Nelson Mandela could total as much as the equivalent of 1 million ounces of platinum per year.