Clusterstock  9 hrs ago  Comment 
By Lawrence Delevingne NEW YORK (Reuters) - Platinum Partners, the hedge fund firm linked to a New York City corruption scandal, is returning a majority of its assets to clients, according to a person familiar with the situation. New York-based...
TechCrunch  Jun 9  Comment 
 Last month, dental technology startup ONVI introduced a toothbrush with a camera built in, so users could get a close up look at their teeth as they slowly rot away in their heads. This, thankfully, is not that. In a lot of ways, Philips’ new...
Agoracom  Jun 7  Comment 
Pacific North West Capital Issues Exploration Update, Announcing Plans for 2016 Ontario Drilling Program - Video News Alert on Investmentpitch.com Vancouver, British Columbia--(June 7, 2016) - Following the receipt of a 2nd three-year...
MarketWatch  Jun 6  Comment 
Vascular Biogenics Ltd. shares rocketed up 32.3% in pre-market trade Monday after the company presented positive phase 1/2 trial results for its ovarian cancer treatment at the annual American Society of Clinical Oncology meeting. The results for...
The Economic Times  May 31  Comment 
With the combination of Airtel 4G and Platinum 3G, the Company has the largest and widest high speed internet network deployment in the state that offers its customers unparalleled mobile broadband coverage.
Financial Times  May 29  Comment 
South Africa’s largest gold miner plans more acquisitions
Reuters  May 25  Comment 
Anglo American Platinum's bid to appease a community near its most profitable South African mine may unravel, highlighting the challenges of managing flashpoints of...
The Hindu Business Line  May 19  Comment 
There is now an app that will give users benchmark price of gold, silver and platinum. Launched by Riddhi Siddhi Bullions Ltd (RSBL), the app – RSBL SPOT App – is can be accessed both from an iPhon...
Financial Times  May 16  Comment 
Demand from the car and jewellery industries will not offset a lack of demand from investors
Financial Times  May 16  Comment 
South African platinum miner reports benefits of cost-cutting, strengthened balance sheet


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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