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Category archives for: Palladium

Weakest week of the year

We had a very weak week in the precious metals and later on, the general markets and many stocks also broke down. I’ve been patiently waiting for this move to come since the start of the year with a few good trades in between. We’re finally kicking off a correction here and are heavily into […]

Ex-Gold Fields chair launches challenge to South Africa’s ruling ANC

Ex-chair of South Africa’s Gold Fields (JSE, NYSE: GFI) Mamphela Ramphele, on Monday announced the formation of a new party political platform to contest general elections set for 2014. After many years in business and academia – including as board member of  Anglo American and a stint at the World Bank – Ramphele’s focus on […]

Norilsk Nickel profit down 37%

Russian MMC Norilsk Nickel, the world’s largest producer of nickel and palladium, announced today its unconsolidated financial results in 2012. According to the Russian Accounting Reporting Standard, the company’s net profit decreased roughly 37%, from 112.19 billion rubles (approximately US $3.61 billion) in 2011 to 70.14 billion rubles (approximately US $2.25 billion) in 2012. Revenues […]

Australians develop new recovery method for platinum and palladium

A pair of researchers at Australia’s Murdoch University have developed a new process to recover precious metals faster and at a lower cost. The two professors said their microfluidics approach could transform the purification technology for platinum group metals as well as rare earth elements. Dr. Chun-Yang Yin and Dr. Aleksander Nikoloski proved their concept  in […]

Meltdown for mining stocks

The gold price plunged by as much as $145 on Monday, the worst trading day in history and a more than 9% drop on the day. The gold price fell to $1,355 in mid-morning – down $145 from the Friday close of $1,501 in New York – to a level last seen in January 2011. […]