Coin News

The price of platinum dropped almost 16 percent in 2018 and took a major back seat to its sister metal palladium over the course of the year. Since the precious metal is primarily used in catalytic converters for diesel-powered vehicles, the lack of demand for diesel-powered cars in Europe and China throughout 2018 weighed on […]

Global platinum supply is set to outpace demand, albeit marginally, increasing by 1.6 percent in 2019, the World Platinum Investment Council (WPIC) estimates in its latest Platinum Quarterly report, published on Wednesday (November 28). Meanwhile, demand will climb 2.4 percent. The WPIC’s global forecast for platinum in 2019 reveals a market surplus of 455,000 ounces, which would […]

Platinum-group metals (PGMs) include platinum, palladium, rhodium and other metals, all of which are prized for their durability, resistance to corrosion and excellent catalytic properties.  Today, the automotive industry is the world’s largest consumer of these metals, which among other things are used in catalytic converters for vehicle exhaust systems. Car production is seen climbing […]

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Canadian Platinum Corp. (TSXV:CPC) (“CPC” or the “Company”). Further to the TSX Venture Exchange (the “Exchange”) notice released August 13, 2018, Canadian Platinum Corp. provides this corporate update. CPC is currently focused on obtaining the consent of the Exchange for the acquisition of a private natural gas company as announced in Company news releases dated August […]

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Both platinum and palladium made gains on Thursday (August 16), despite previously falling to 10-year and 13-month lows respectively. The precious group metals (PGMs) rebounded thanks to a weakened greenback, but were still shaky after falling in response to the ongoing currency crisis in Turkey, which began after US President Donald Trump imposed sanctions on the […]

  At this year’s Sprott Natural Resource Symposium, the Investing News Network (INN) caught up with Trevor Raymond of the World Platinum Investment Council. Speaking about how the platinum market performed in the first quarter of the year, Raymond said it was a bit more promising than expected, but there were no surprises. “We’re forecasting […]

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