Flightglobal  9 hrs ago  Comment 
US air taxi company ImagineAir is planning to double its Cirrus SR22 fleet over the next 12 months through the introduction of an ownership programme targeted at regular users of its on-demand service.
Wall Street Journal  Oct 2  Comment 
Platinum prices have sunk below $900 an ounce for the first time since the recession, as pressure from the Volkswagen emissions scandal hammered the precious metal.
WA Business News  Oct 1  Comment 
Palladium rose to its highest level in nearly three months following strong car sales, continuing a trend in which the component of petrol engine autocatalysts gains at the expense of platinum.
The Hindu Business Line  Sep 30  Comment 
Metal poised for 15 per cent drop in Q3
WA Business News  Sep 29  Comment 
Platinum prices have fallen below $US900 an ounce for the first time since January 2009, hurt by fears that the Volkswagen emissions scandal would cut demand from carmakers, but later pared losses as bargain-hunting investors swooped in.
CNBC  Sep 29  Comment 
Platinum prices fell below $900 an ounce on Tuesday for the first time since January 2009, hurt by the Volkswagen emissions scandal.
Reuters  Sep 29  Comment 
* Platinum falls to lowest level since December 2008 (Adds U.S. market open, changes byline, dateline, previous LONDON)
Reuters  Sep 29  Comment 
Platinum prices fell below $900 an ounce on Tuesday for the first time since January 2009, hurt by fears that the Volkswagen emissions scandal would cut demand from carmakers and perceptions that the market remains oversupplied.
Forbes  Sep 26  Comment 
The most dedicated 'Bloodborne' fans are getting a free theme for PlayStation 4.


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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