platinum price

Eastern Platinum has acquired Hebei Zhongbo Platinum‘s entire South African platinum group metal business.

FREE Download: The Monthly MMI® Report – covering the Precious markets.

The company will also acquire all loan agreements Eastplats has with its subsidiary companies for a total gross consideration of $225 million.

As part of the acquisition, the company is required to buy out the minority interests upon closing.

With a decline of 1.9% to JPY 3,088 ($25.78) per gram on Friday, January 9, Japanese palladium bar recorded the biggest price drift of the day. At $790.00 per ounce, the price of US palladium bar was essentially unchanged. Chinese palladium bar held its value last Friday at CNY 177.00 ($28.48) per gram.

* Get the complete prices every day on the MetalMiner IndX℠

Japanese platinum bar gained 0.6% to finish at JPY 4,680 ($39.07) per gram. The price of Chinese platinum bar closed at CNY 260.00 ($41.84) per gram. Following a couple days of improvement, the metal’s price weakened by 0.4%. The price of US platinum bar held steady at $1,216 per ounce.

Indian gold bullion ended the day at INR 27,170 ($434.57) per 10 grams, after the 0.6% drop last Friday. Japanese gold bullion saw its price rise 0.4% to JPY 4,652 ($38.83) per gram. US gold bullion closed 0.2% lower at $1,209 per ounce. The price of Chinese gold bullion showed little movement last Friday at CNY 242.80 ($39.07) per gram.

At INR 37,490 ($599.64) per kilogram, Indian silver fell 1.5% last Friday. US silver prices saw a 0.9% decline to $16.38 per ounce. The price of Chinese silver changed direction with a 0.3% drop. After two days of improving prices, the metal finished at CNY 3,495 ($562.45) per kilogram. Japanese silver finished the day up 0.2% to JPY 631.00 ($5.27) per 10 grams.

MetalMiner‘s monthly Global Precious Metals MMI® ticked downward once again, registering a value of 86 in January, a decrease of 1.1% from 87 in December. This downward turns follows a slight uptick from November to December, which in turn stemmed three straight months of losses.

Global-Precious-Metals_Chart_January-2015_FNL

Compare with last month’s trends – here’s our free December MMI® Report.

As Europe holds its breath over whether Greece will pull out of the euro, gold and silver are rising again based on investors’ bullish bets. But at the moment, our eyes are on platinum.

Platinum in Focus

Good news for platinum producers comes in the form of still-strong US auto sales, which have helped keep the US manufacturing economy humming (yet have not corresponded with our dropping Automotive MMI®, which tracks metals used by the automotive industry). Although the US platinum price tracked by the MetalMiner IndX dropped over the past month, the China and Japan prices rose, and demand is looking good.

Read more

Copper took a big tumble this week in the automotive MMI.

See why our Auto MMI® is a leading indicator: download the Monthly MMI® Report.

Copper extended declines from a 4-year low, while aluminum languished near its weakest in 7 months on fears oil’s slump signals a slowdown in economic growth and weaker commodities demand.

The week’s biggest mover on the weekly Automotive MMI® was the copper 3-month price, which saw a 2.7% decline on the LME to $6,105 per metric ton. This week marked the third in a row of declining prices for the metal. For the third week in a row, the primary copper cash price dropped, falling 2.5% on the LME to $6,168 per metric ton. Closing at KRW 3,890 ($3.55) per kilogram, Korean 5052 coil premium over 1050 sheet remained unchanged for the week. Closing at CNY 12,650 ($2,036) per metric ton, the price of Chinese lead remained unchanged for the week.

* Get the complete prices every day on the MetalMiner IndX℠

At $758.00 per short ton, the price of US HDG finished the week down 0.7%.

US palladium bar saw a 2.2% decline over the past week to $790.00 per ounce. Closing at $1,217 per ounce for the week, US platinum bar rose by a slight 0.6%.

The Automotive MMI® collects and weights 7 metal price points used in automotive production to provide a unique view into automotive metal trends. For more information on the Automotive MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

US  job growth increased briskly in December and the jobless rate dropped to a 6-and-a-half-year low, but wages slipped in the latest sign a tightening labor market has yet to give much of a boost to workers.

FREE Download: The Monthly MMI® Report – covering the Precious markets.

As a result, gold for February delivery gained 0.4% to $1,213 an ounce on the Comex by 7:38 a.m. in New York, after falling for the past 2 days. The metal is up 2.3%t for the week, the best performance since Dec. 12.

Bullion for immediate delivery added 0.4% to $1,213.94 on the London Metal Exchange.

Nonfarm payrolls increased 252,000 last month after an upwardly revised 353,000 jump in November, the Labor Department said on Friday. The unemployment rate fell 0.2 of a percentage point to 5.6%, partly because so many people left the labor force.

But a five-cent drop in average hourly earnings, which nearly erased gains seen in November, took some shine off the otherwise mostly upbeat report.

Japanese palladium bar saw a 2.3% increase on Thursday, January 8, reaching JPY 3,149 ($26.40) per gram and making it the biggest upwards shift of the day. The price of US palladium bar declined 1.4% to $790.00 per ounce. Chinese palladium bar closed 0.6% lower at CNY 177.00 ($28.49) per gram.

* Get the complete prices every day on the MetalMiner IndX℠

After a 0.4% increase, Japanese platinum bar finished the day at JPY 4,653 ($39.01) per gram. Chinese platinum bar gained 0.4% to finish at CNY 261.00 ($42.01) per gram. At $1,217 per ounce, US platinum bar fell 0.2% yesterday.

Following two days of rising prices, the price of Indian gold bullion dropped 0.7% to INR 27,329 ($432.43) per 10 grams. US gold bullion prices saw a 0.7% decline to $1,211 per ounce. Japanese gold bullion prices rose 0.5% to JPY 4,634 ($38.85) per gram. After improving for two days, the price of Chinese gold bullion declined 0.4% to CNY 242.75 ($39.07) per gram.

Japanese silver saw its price rise 2.3% to JPY 630.00 ($5.28) per 10 grams. The price of Indian silver closed at INR 38,070 ($602.39) per kilogram. Following a couple days of improvement, prices fell by 0.7%. Chinese silver finished the day up 0.4% to CNY 3,505 ($564.17) per kilogram. US silver finished the day down 0.1% to $16.53 per ounce.

Gold and silver futures rose to 3-week high after Europe’s economic concerns mounted, spurring demand for the precious metals as a haven.

FREE Download: The Monthly MMI® Report – covering the Precious markets.

A gauge of euro-area services and manufacturing signaled growth slowed in the final quarter of 2014, and the euro extended losses versus the dollar amid Greek opposition to austerity measures that may prompt the country’s exit from the currency bloc, Bloomberg News reported. Money managers raised bullish wagers on gold for the first time in three weeks, US government data showed.

On Wednesday, January 7, the day’s biggest mover was US silver, which saw a 3.1% increase to $16.55 per ounce. Indian silver prices rose 1.3% to INR 38,345 ($603.21) per kilogram. Chinese silver prices inched up 1.0% to CNY 3,490 ($562.03) per kilogram. After a 0.2% increase, Japanese silver finished the day at JPY 616.00 ($5.19) per 10 grams.

* Get the complete prices every day on the MetalMiner IndX℠

The price of US gold bullion increased 1.8% to $1,219 per ounce. Chinese gold bullion finished the day up 0.8% to CNY 243.75 ($39.25) per gram. Indian gold bullion saw its price rise 0.5% to INR 27,521 ($432.94) per 10 grams. Japanese gold bullion finished the day down 0.3% to JPY 4,609 ($38.84) per gram.

The price of Japanese platinum bar declined 1.3% to JPY 4,633 ($39.04) per gram. At $1,219, the price of US platinum bar finished the market day up 1.0% per ounce. The price of Chinese platinum bar rose by 0.8% to CNY 260.00 ($41.87) per gram.

The price of Japanese palladium bar fell 2.3% to JPY 3,078 ($25.94) per gram. The price of US palladium bar rose by 0.6% to $801.00 on Wednesday after remaining flat for two days. After falling for two days, the price of Chinese palladium bar rose 0.6% to CNY 178.00 ($28.67) per gram.

The U.S. Mint sold just over 44 million ounces of American Eagle silver coins last year, more than any year on record, reflecting investors’ eagerness to take advantage of a drop in the precious metal’s price. In fact, the mint said it had completely sold out of American Eagle silver bullion coins by Dec. 24.

FREE Download: The Monthly MMI® Report – covering the Precious markets.

Silver prices fell more sharply than gold prices in 2014, increasing the gray metal’s attractiveness to bargain-hunting investors said Peter Hug, director of metals at Kitco.com, to the Wall Street Journal.

Uncertainty may have spurred some investors to seek silver coins. In September, when silver coin sales began to pick up, a Wall Street Journal/NBC News poll found 47% of those surveyed believed the country was less safe than it was before the Sept. 11, 2001 terrorist attacks, up from 28% the previous year. The survey was taken Sept. 3-7, just after an Islamic militant group beheaded a second US journalist.

Japanese silver saw a 2.0% increase on Tuesday, January 6, reaching JPY 615.00 ($5.15) per 10 grams and making it the biggest upwards shift of the day. Indian silver prices rose 1.6% to INR 37,852 ($596.91) per kilogram. After a 0.4% increase, Chinese silver finished the day at CNY 3,455 ($555.39) per kilogram. At $16.05 per ounce, the price of US silver was essentially unchanged.

* Get the complete prices every day on the MetalMiner IndX℠

The price of Indian gold bullion increased 1.3% to INR 27,372 ($431.65) per 10 grams. Chinese gold bullion finished the day up 0.9% to CNY 241.90 ($38.89) per gram. Japanese gold bullion gained 0.8% to finish at JPY 4,625 ($38.72) per gram. US gold bullion stayed flat at around $1,198 per ounce.

Japanese platinum bar prices inched up 0.6% to JPY 4,693 ($39.29) per gram. Chinese platinum bar held its value yesterday at CNY 258.00 ($41.47) per gram. The price of US platinum bar held steady at $1,207 per ounce.

Chinese palladium bar prices saw a 0.6% decline to CNY 177.00 ($28.45) per gram. The price of Japanese palladium bar remained steady at JPY 3,152 ($26.39) per gram. US palladium bar held its value on Tuesday at $796.00 per ounce.

The monthly Automotive MMI® registered a value of 89 in January, a decrease of 1.1% from 90 in December.

Automotive_Chart_January-2015_FNL

Automotive markets took a year-end fall mostly from rapidly evolving automotive metal choices. What is not yet reflected in the Automotive MMI is that steel’s loss is aluminum’s gain, as vehicles such as the 2015 Ford F-150 change metals decisions to lighten fleet loads. Lower oil prices are also having an effect on sales floors if not material purchases just yet.

Compare With Last Month’s Automotive MMI® Report.

It’s still too early in the new year to judge the automotive market and low gas prices could affect demand significantly enough that steel, platinum and copper purchasing strategies at major automakers could go up with that demand.

Read more

US gold futures experienced an end-of-year price spike this past week, but the strong US dollar saw most precious metals continue to lose value as hedges against weak currencies.

FREE Download: The Monthly MMI® Report – covering the Precious markets.

The price of oil falling below $50 barrel for the first time since 2009 has also caused central banks to snap up bargain precious metals such as palladium and gold.

The week’s biggest mover on the weekly Global Precious Metals MMI® was the price of Japanese silver, which saw a 2.3% decline to JPY 603.00 ($5.01) per 10 grams. This comes on the heels of a 1.8% increase the week before. Following a 0.9% increase in the week prior, the price of Indian silver fell 1.8% last week to INR 37,273 ($588.97) per kilogram. In the past week, US silver saw its price shift up 0.8% to $16.05 per ounce. The price of Chinese silver rose 0.4% to CNY 3,440 ($554.44) per kilogram after falling 0.9% during the previous week.

* Get the complete prices every day on the MetalMiner IndX℠

US gold bullion prices ticked up 1.2% over the past week to $1,198 per ounce. At INR 27,030 ($427.11) per 10 grams, the price of Indian gold bullion finished the week down 0.8%. The price of Japanese gold bullion rose 0.2% to JPY 4,588 ($38.09) per gram after falling 0.3% during the previous week. Chinese gold bullion remained essentially flat from the previous week at CNY 239.80 ($38.65) per gram.

The price of Chinese platinum bar fell 0.4% to CNY 258.00 ($41.58) per gram after rising 0.8% the week before. Closing at JPY 4,667 ($38.75) per gram for the week, Japanese platinum bar rose by a slight 0.3%. US platinum bar saw its price rise 0.2% over the past week to $1,207 per ounce.

Following a 1.7% increase in the week prior, the price of Chinese palladium bar fell 2.2% last week to CNY 178.00 ($28.69) per gram. Closing out the third week of declining prices, the price of US palladium bar dropped by 2.0%, finishing at $796.00 per ounce. The price of Japanese palladium bar fell 0.7% to JPY 3,152 ($26.17) per gram after rising 1.9% the week before.

The Global Precious Metals MMI® collects and weights 14 global precious metal price points to provide a unique view into precious metal price trends. For more information on the Global Precious Metals MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

Sales of gold coins from some of the world’s largest mints declined last year as stable prices discouraged investors and demand declined in Asia.

FREE Download: The Monthly MMI® Report – covering the Precious markets.

The Wall Street Journal reported that the US Mint and Australia’s The Perth Mint recorded markedly weaker sales of gold bullion coins as the broader market muddled through a year in which gains were capped by expectations for higher interest rates as the US recovery gained steam. Gold is often seen as an alternative store of value during periods of economic uncertainty.

The Perth Mint said it sold 373,351 ounces of gold bullion coins last year, down 28% from 2013. Sales of The US Mint’s American Eagle coins were down 39% at 524,500 ounces.

The price of Japanese silver fell 2.7% on Monday, January 5 to JPY 603.00 ($5.01) per 10 grams, making it the day’s biggest mover. US silver gained 2.3% to finish at $16.05 per ounce. Chinese silver saw its price rise 1.2% to CNY 3,440 ($554.44) per kilogram. Indian silver finished the day up 0.2% to INR 37,273 ($588.97) per kilogram.

* Get the complete prices every day on the MetalMiner IndX℠

US gold bullion prices rose 1.3% to $1,198 per ounce. After three straight days of no change, the price of Japanese gold bullion decreased by 0.7% to JPY 4,588 ($38.09) per gram. At CNY 239.80 ($38.65), the price of Chinese gold bullion finished the market day up 0.5% per gram. The price of Indian gold bullion increased 0.4% to INR 27,030 ($427.11) per 10 grams.

The price of Japanese platinum bar fell 0.5% on Monday to JPY 4,667 ($38.75) per gram. US platinum bar prices inched up 0.2% to $1,207 per ounce. The price of Chinese platinum bar remained steady at CNY 258.00 ($41.58) per gram.

The price of Japanese palladium bar fell 1.6% yesterday to JPY 3,152 ($26.17) per gram after three straight days with no change. The price of Chinese palladium bar fell 1.1% to CNY 178.00 ($28.69) per gram. The price of US palladium bar showed little movement yesterday at $796.00 per ounce.

Gold rose 1% this morning as global shares fell on concerns over the future of Greece in the euro zone and lower oil prices, while buying from top consumer China picked up ahead of the Lunar New Year.

FREE Download: The Monthly MMI® Report – covering the Precious markets.

Spot gold rose to a session-high of $1,201.30 an ounce in earlier trade and was up 0.9% at $1,199.70 by 1520 GMT. It fell to a 1-month low of $1,168.25 on Friday, before recovering on lower equities.

On Friday, January 2, the day’s biggest mover was US silver, which saw a 3.6% decline to $15.69 per ounce. Indian silver closed 1.8% lower at INR 37,200 ($589.63) per kilogram. The price of Chinese silver fell 1.4% to CNY 3,400 ($547.23) per kilogram. The price of Japanese silver held steady at JPY 620.00 ($5.17) per 10 grams.

* Get the complete prices every day on the MetalMiner IndX℠

US gold bullion finished the day down 1.4% to $1,183 per ounce. The price of Indian gold bullion declined 1.2% to INR 26,935 ($426.93) per 10 grams. Chinese gold bullion prices saw a 0.8% decline to CNY 238.65 ($38.41) per gram. Japanese gold bullion saw little change in its price last Friday at JPY 4,619 ($38.53) per gram.

US platinum bar ended the day at $1,204 per ounce, after the 0.5% drop last Friday. At CNY 258.00 ($41.53) per gram, Chinese platinum bar fell 0.4% last Friday. Japanese platinum bar held its value last Friday at JPY 4,692 ($39.14) per gram.

Friday saw the price of US palladium bar drift down 1.5% to $796.00 per ounce after a couple of stagnant days. Chinese palladium bar saw its price rise 0.6% to CNY 180.00 ($28.97) per gram. The price of Japanese palladium bar remained steady at JPY 3,203 ($26.72) per gram.

1 7 8 9 10 11 131