- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Spot platinum prices remain at a six year low, Business Day Live reported. Prices for the metal have fallen 11 percent so far in 2015.
Spot platinum prices remain at a six year low, Business Day Live reported. Prices for the metal have fallen 11 percent so far in 2015.
As quoted in the publication:
Platinum and palladium fell sharply in the second quarter of this year, dropping 5.5% and 8.5%, respectively. So far this year, platinum is down 11% and palladium has given up 15%.
Platinum group metals are mainly used in vehicle parts designed to reduce air pollution.
At 12pm, the platinum spot price was $953.78/oz, from a close of $948.80 on Wednesday. This marked the first rise in the price after five consecutive days of declines.
Despite this gain the platinum index on the JSE was down 1.37% at the same time. Shares in the world’s third-largest platinum producer, Lonmin, did not take heart from the rise in the spot price, and were down 7.05% to R8.31.
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.