Cloud Computing  7 hrs ago  Comment 
Qubell, an innovator in application deployment and configuration management, empowers online companies to do what they have never been able to do before: put into consumers' hands innovative new features and services, almost as fast as they can...
Resource Investor  Aug 14  Comment 
Northam Platinum Ltd. plans to position itself as one of the world’s largest producers as it forecasts an increase in prices of the metal by 2018.
Automotive World  Aug 14  Comment 
Cadillac is pulling out all the stops with its new top of the range Escalade Platinum model, the latest variant on the new 2015 Escalade. The Platinum version offers hand-crafted luxury additions inside and out, including greater use of premium...
SeekingAlpha  Aug 12  Comment 
By Fun Trading: Source: Vantage website: The Platinum explorer. Vantage Drilling Co. (NYSEMKT:VTG) is a mid-tier offshore drilling company which operates in the USA and internationally. The company owns a fleet of 8 drilling units, including four...
SeekingAlpha  Aug 11  Comment 
By Ivan Y. Currently, industrial demand for platinum (NYSEARCA:PPLT) primarily comes from the auto industry's usage of it in catalytic converters to reduce toxic emissions in traditional gasoline or diesel-powered vehicles. About 40% of supply...
Bloomberg  Aug 11  Comment 
South African Deputy President Cyril Ramaphosa said he tried to defuse violent labor unrest at Lonmin Plc’s Marikana platinum mine two years ago that led to the deadliest action by the security forces since the end of apartheid ...
SeekingAlpha  Aug 5  Comment 
By David at Imperial Beach: A temporary buying opportunity is developing in the palladium (NYSEARCA:PALL) ETF. It's gone down three days in a row on profit taking, sending it lower by 1.8% over the last week. Traders may want to buy the dip as...
Reuters  Aug 5  Comment 
* Anglo American Platinum, Ballard Power behind pilot scheme


Platinum is an exceedingly rare, silvery-white precious metal used in jewelry making, electronics components and various industrial applications. About half of all global platinum consumption is for the manufacture of automobile catalytic converters. [1]

Platinum is exceedingly rare (about 30 times rarer than gold) and found in only a few deposits worldwide. The largest known primary reserves are in South Africa's Bushweld complex, followed by deposits near Norilsk, Russia and the Sudbury Basin, Canada.

The chart at left shows continuos front-month futures prices for Platinum traded on the New York Mercantile Exchange.

Prices, Tickers, and Delivery Dates

Platinum futures contracts are traded on the New York Mercantile Exchange under ticker symbol PL and are delivered every year in January, April, July, October, November, and December. (For more information on commodity tickers, check out the commodity ticker construction page.)

What Impacts the Price of Platinum?

Because so much of the platinum's demand stems from car manufacturers, downturns in the auto industry can significantly affect the metal's price. During the market meltdown in 2008, for example, platinum prices fell 65% from their peak, driven downward in part by faltering car sales worldwide.

In addition, in 2008 platinum experienced a surplus that is expected to continue well into 2009, and perhaps even 2010. This oversupply has also negatively impacted platinum prices.

However, in early 2009, platinum started to regain its strength. As investors returned to the metal, seeking a safe haven, holdings of ETF Securities's Physical Platinum ETF (LSE: PHPT.L) rose 87% over the first quarter of the year.[2]

In April 2009, ETF Securities announced it would launch a bullion-backed platinum ETF in the U.S.[3] (a similar ETF already exists for European investors), which led some to speculate that hoarding bullion for the ETF could cause shortages and drive up prices.[4] Similar concerns were raised about the launch of ETFS's first platinum ETF back in 2007, but the fund's impact on the market was hard to discern at the time, due to roving blackouts in South Africa that had disrupted supply.[5]


  1. Bloomberg - Platinum, Palladium Fall as Slumping Auto Sales Erode Demand.
  2. Reuters - ETF Securities' platinum holdings jump in Q1.
  3. Index Universe - ETFS Files for Palladium and Platinum ETFs.
  4. WSJ - Platinum's Outlook Isn't Gold-Plated.
  5. HAI - Platinum Supplies Hoarded By ETF.
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