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Platinum is traded in the spot market with the code "XPT". When settled in United States dollars, the code is "XPTUSD". As the cost of platinum per ounce fell, the cost per ounce for other metals in the platinum group - especially palladium - rose strongly. As of November 2022, palladium sits at around US$1900 per ounce, compared to US$980 for ...
South Africa is home to 80% of the world's known platinum reserves, and produces about 70% of the world's supply. [1] [2] Platinum prices have been flat since 2009 or so, due to weak demand for catalytic converters, the primary use of platinum in industry. [3] [4] Meanwhile, other costs have risen, putting pressure on the mining industry. [4]
Analysts at HSBC have lowered their 2013 average platinum price forecast to $1,710 an ounce, a drop of 7.6% from a previous estimate of around $1,840. Earlier this year, demand for platinum from ...
Platinum prices jumped last week following an announcement from Anglo American plc that it would shut down several of its South African mines, ultimately removing about 400,000 ounces of the white ...
(The intraday high may not be the same as the opening price; for instance, in the 2010 flash crash, the market reached an intraday high, higher than the opening price.) [48] This is distinguished from an intraday point drop or gain, which is the difference between the opening price and the intraday low or high.
During the past year, the spot price for platinum has increased about 16%, compared with a 42% gain for gold, FactSet's data shows. Platinum's current spot price is $1,004 an ounce, according to ...
The 2000s commodities boom, commodities super cycle [1] or China boom was the rise of many physical commodity prices (such as those of food, oil, metals, chemicals and fuels) during the early 21st century (2000–2014), [2] following the Great Commodities Depression of the 1980s and 1990s.
Costco is again venturing into the precious metals market, expanding its offerings beyond the gold and silver bars it sold to great success. The retail giant now offers 1-ounce platinum bars for ...