Keyword: "palladium"

Mining News Pro - Nornickel is the world`s largest producer of palladium, which has been hit hard by the economic fallout from coronavirus. Prices have plunged 45% since February as investors started dumping the precious metal for cash.

Mining News Pro - Russia’s Norilsk Nickel said on Friday that Russian Platinum, its partner in an Arctic palladium project, had withdrawn from talks on creating the joint venture due to a lack of approval from Rusal, one of Nornickel’s shareholders.

Mining News Pro - Precious metals that are heavily used in industrial production joined the massive selloff across financial markets that saw copper tumbling as investors’ risk appetite weakened.

Mining News Pro - During market crashes, palladium isn’t the first commodity that comes to mind.

Mining News Pro - Palladium, one of last year’s best-performing commodities, tumbled the most on record and approached a bear market as a strengthening dollar and coronavirus fears hammer precious metals and other raw materials.

Mining News Pro - The gold price plunge on Friday hammered other precious metals as well, with palladium marking its worst performance since the 2008 financial crisis, down more than 10%.

Mining News Pro - When Natascha Viljoen takes the helm of Anglo American Platinum in April, she will find a “fierce crocodile” in her in-tray.

Mining News Pro - Even with Vale posting this week a loss of $1.68 billion in 2019, Brazil set a record on royalties received from mining companies.

Mining News Pro - Rapidly rising demand from auto makers pushed the global palladium market last year to its biggest deficit for five years and created the first shortfall of rhodium since 2014, materials maker Johnson Matthey said on Wednesday.

Mining News Pro - When dealmaker Neal Froneman acquired Stillwater Mining Co. three years ago, critics lined up to say he had overpaid for the palladium producer. Now, his $2.2 billion bet on the metal is set to pay off for Sibanye Gold Ltd. investors.

Mining News Pro - Financial speculators have created a bubble in palladium that’s bad for the industry, according to MMC Norilsk Nickel PJSC, the world’s biggest producer of the metal.

Mining News Pro - As palladium’s record-breaking rally makes guessing the size of stockpiles more important than ever, one thing at least is clear — they’re getting a lot smaller.

Mining News Pro - Ivanhoe Mines’ co-chairmen Robert Friedland and Yufeng “Miles” Sun announced that the company’s South African subsidiary, Ivanplats, is fast-tracking a feasibility study on a smaller-scale, early-stage development plan using Shaft 1 as a production shaft at its Platreef palladium, platinum, nickel, copper, gold and rhodium mining licence.

Mining News Pro - Gold prices stabilized after paring earlier gains amid signs that both sides in the US-Iran hostilities wanted to pull back from the brink of conflict. Palladium rose to a fresh record above $2,100 an ounce.

Mining News Pro - Palladium rose above $2,000 an ounce for the first time, extending an annual advance powered by a sustained global deficit, before slipping as profit-taking emerged.

Mining News Pro - Palladium rose for a 15th day, heading for its longest run of gains on record and exceeding the highest-ever price of gold.

Mining News Pro - South African miner Impala Platinum Holdings (Implats) has received all the required regulatory approvals for its proposed acquisition of Canada’s North American Palladium.

Mining News Pro - Palladium One Mining announced Tuesday that it will undertake a private placement offering to raise up to C$3.2 million, which will be used for exploration activities on its palladium-dominant LK project in central Finland and its Tyko sulphide nickel project in Ontario, Canada.

Mining News Pro - Palladium surged to a record, topping $1,800 as stricter air-quality rules boost demand for the metal used in vehicle pollution-control devices.

Mining News Pro - South Africa’s Impala Platinum Holdings Ltd (Implats) said on Monday it would buy Canada-based North American Palladium Ltd for about C$1 billion ($751.77 million), marking the miner’s first purchase outside of Africa.

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