PGM News and Press, iPathA Series B Bloomberg Platinum Subindex Total Return ETN

2023-05-29 04:48:02 ET Summary The platinum market currently faces supply challenges, including production constraints in Russia and an energy crisis in South Africa. Demand is expected to grow, especially in the chemical and fuel cell segments. In 2023, platinum is expected t...

2023-05-22 04:30:00 ET Summary Banks continue to add gold back to their vault after seeing 11 months of new outflows. Palladium and platinum are much smaller markets but it’s possible that is where the market breaks first. The recent restocking by banks will likely be u...

2023-05-19 08:30:19 ET Summary A new threshold of demand for platinum is emerging as the developed world shifts its massive heavy transport sector from diesel to hydrogen. South Africa - the primary supplier (78%) of the metal - is facing the worst crisis in its electricity sector...

2023-05-18 10:02:55 ET BAE Systems ( OTCPK:BAESY ) said Thursday it received a three-year contract from the U.S. Army to continue R&D work for the advancement of precision guided munitions. The contract was valued at $72.5 million. The company will work with the Army's...

2023-05-16 01:05:00 ET Summary April showed a slight downturn for commodities. The gains of the agriculture and livestock sectors were not enough to offset industrial metals, the weakest sector. Lingering economic growth concerns triggered by the March regional banking crisis and ...

2023-05-15 20:27:11 ET The platinum market is expected to move to a nearly 1M oz deficit this year, swinging from an 854K oz surplus seen in 2022, according to the new quarterly report from the World Platinum Investment Council released Monday. Platinum consumption will outstrip sup...

2023-05-05 18:00:00 ET Summary In 5 days, the COMEX has seen 4,190 contracts open and stand for immediate delivery. Net new contracts are contracts that open after the delivery month begins and stand for immediate delivery. The gold price is taking a breather after a strong we...

2023-05-02 20:23:39 ET South Africa's Impala Platinum ( OTCQX:IMPUY ) ( OTCQX:IMPUF ) said Tuesday its FQ3 refined platinum group metal production fell 10% from a year earlier, weighed by the increased severity of domestic and regional power constraints. In a production update...

2023-04-26 22:15:00 ET Summary Crescat is a global macro asset management firm. Our mission is to grow and protect wealth over the long term. The ongoing deficit spending and debt monetization since the 2008 crisis have created a trifecta of macro imbalances. Forward-thinking ...

2023-04-21 02:44:00 ET Summary After 11 months of consistent net outflows, gold has finally seen some modest inflows of 700K ounces in April. The daily activity has been fairly muted except for two large moves of 643k ounces and 578K ounces from Eligible to Registered. Outflow...