Archive for the ‘Platinum Group Minerals’ Category
Friday, February 15th, 2008
Platinum futures extended their record-breaking run Friday, bid higher on persistent worries about supply disruptions in South Africa.Platinum for April delivery soared as high as $2,079.90 an ounce, beating the previous record set on Thursday. The contract finished up $57.80 at $2,063.70 an ounce.
"This is far from a bubble as ...
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Sunday, February 10th, 2008
Power shortages shut most mines in South Africa, source of about three-quarters of world platinum supplies, for five days last month. Eskom Holdings Ltd., the country's state-owned utility, has told major customers that it won't have sufficient capacity to guarantee adequate power until 2013.
``People are going for metals, crude oil ...
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Monday, February 4th, 2008
Stevenson Jacobs of The Associated Press reports that Platinum for April delivery jumped $27.40 to settle at $1,797.60 an ounce on the New York Mercantile Exchange, after earlier reaching an all-time high of $1,803.80 an ounce.
Mine output disruptions continue to fuel the rally" in platinum, Jon Nadler, senior analyst for ...
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