Registered users can save articles to their personal articles list. Login here or sign up here

Platinum is down, but it’s not out for ETF buyers

BlackRock’s platinum ETF assets hit record even as metal tumbles.

Platinum is down, but it’s not out for ETF buyers.

As prices tumbled this week to a four-month low in the spot market, investors were picking up bargains. The metal held in BlackRock’s iShares Physical Platinum ETC climbed 7.5% to a record of about 20,819 ounces, data compiled by Bloomberg show. That took the exchange-traded fund’s shares outstanding to the highest since it was listed in London seven years ago.

Platinum has slumped since Volkswagen AG admitted in 2015 to falsifying pollution data for its cars, dimming the demand outlook for the metal used to curb pollution from diesel-fuelled vehicles. This year, South African mine closures and lower Russian production will begin to erode oversupply, the World Platinum Investment Council said in March. Industrial and jewellery demand will recover this year, offsetting a decline in use by carmakers, the council said.

© 2018 Bloomberg

COMMENTS   1

To comment, you must be registered and logged in.

LOGIN HERE

Don't have an account?
Sign up for FREE

The “Global Precious Metals Market” report is a comprehensive study that provides an elite mixture of professional experts related to market scenario. The research team has followed global Precious Metals market for a 10 years period beginning in 2013 and ending in 2023. The Precious Metals report considers 2017 is a base year to collect data information by region, company, Precious Metals product type and application. Furthermore, Precious Metals report sheds light on the dominant market players in Europe, North America, Central & South America, Middle East & Africa, China, Japan, India and others.

The first phase of work includes value and volume forecast of the global Precious Metals market (covers market size, Y-o-Y growth rate and Precious Metals market volume projection). The report then dives into a current trending system in the Precious Metals market and comprehensiveness of various segments covered in the report. The next section of Precious Metals report offers an outline of major driving factors, restraints, major challenges to Precious Metals market growth, supply and demand perspectives, opportunities and market strategies influencing the global Precious Metals market. This is followed by financial plans, Precious Metals market value and supply chain, marketing channels, various techniques utilized in the processing structure of Precious Metals, retail analysis, and market synopsis.

https://postobserver.com/2018/04/24/global-precious-metals-market-size-2018-2023-goldcorp-northam-platinum-bhp-billiton-stillwater-mining-and-kghm-polskamiedz/

End of comments.

LATEST CURRENCIES  

ZAR / USD
ZAR / GBP
ZAR / Euro

Podcasts

GO TO SHOP CART

Follow us:

Search Articles:Advanced Search
Click a Company:
server: 172.17.0.2