Tag: platinum price

Global Precious Metals MMI Still Dropping

The Global Precious Metals MMI dropped by 3.77% from last month. Leading the trend were silver and platinum, which suffered the most significant drops. Both gold and silver prices appear poised for an additional price drop on the back of elevated interest rates, which are still rising at a higher-than-expected pace. Last month, the Precious […]

Global Precious Metals MMI: Palladium Leads the Precious Metals Bears

The Global Precious Metals MMI dropped by nearly 3% this month. Palladium dropped the most, though silver also looked comparatively weak. Gold Prices Trends: Bullish or Bearish? Gold has started to trade within a range formed by swing lows and highs. A break above either range will clear up the overall direction. Without a “big […]

Automotive MMI: Lower Metals Prices and Slumping Supply Dominate the May Market

The Automotive MMI (Monthly Metals Index) experienced a slight decline from May into June. The 30-day price change was roughly -9.55, a -6.52% drop. As with last month, multiple crises impacted the marketplace’s overall health. Among them are an ongoing microchip shortage and COVID-19 lockdowns. Below, we’ll discuss if and when we can expect normalization. […]

UK Duties Applied to Russian Platinum and Palladium

The United Kingdom recently imposed a 35% duty on all platinum and palladium imports from Russia and Belarus. This move is part of a new package of sanctions on the two countries totaling £1.7 billion ($1.7 billion). The Department for International Trade (DIT) and HM Treasury made the announcement on May 9. Since Russia’s late […]

Automotive MMI: Auto Sector Remains Constrained

The Automotive MMI (Monthly Metals Index) held flat from April to May. This was largely the result of a number of factors working in concert. Below, we’ll dig deeper into the automotive marketplace to see if we can determine what to expect for the rest of 2022. Automotive MMI: China Auto Sales, Production Plunge In […]

Global Precious Metals MMI: Silver Prices Lead Index Lower

The Global Precious Monthly Metals Index (MMI) fell by 0.9% for this month’s index reading, largely due to falling silver prices. Did you know that MetalMiner forecasts for several precious metals in the MetalMiner Insights platform? Rising interest rates tend to dampen investor sentiment toward precious metals. Gold and silver typically act as a store of value, […]

Automotive MMI: Palladium prices, nickel prices surge as sanctions hit Russia

The Automotive Monthly Metals Index (MMI) fell by 0.7% for this month’s value, as palladium prices have surged while steel prices have retreated. Last year, MetalMiner added a suite of precious metals prices to the MetalMiner Insights platform.  Russia-Ukraine war, the auto sector and palladium prices The Russian invasion of Ukraine has yielded commodity price volatility […]

Global Precious Metals MMI: monthly index rises on strong palladium prices

The Global Precious Monthly Metals Index (MMI) rose by 6.8% for this month’s reading. This represents the second month in a row of precious metals inswz increases. Last month the index increased by 4.1%. Palladium, and to a lesser extent, platinum drove the index higher. Most of the other precious metals held flat or fell. The […]

World Platinum Investment Council releases bullish 2021 platinum report

World Platinum Investment Council releases bullish 2021 platinum report

The World Platinum Investment Council (WPIC) released a report this month with a bullish view of the platinum market in 2021. The WPIC is bullish on the basis of stronger investment demand and restricted production in South Africa. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Platinum in deficit […]

A critical source of Platinum Group Metals (PGMs) faces instability and supply disruption

A critical source of Platinum Group Metals (PGMs) faces instability and supply disruption

An important source of precious metals — and in particular, Platinum Group Metals (PGMs) — is in a spiral of diminishing returns and could run out of cash in 2020 with consequences for metal supply and market prices. Zimbabwe has been here before, it must be said. Looking for metal price forecasting and data analysis […]

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