- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Avrupa Minerals
Black Swan Graphene
Zodiac Gold
Trillion Energy International
- 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
South African Platinum Industry Holds Major Potential: Analyst
Mining Weekly reported that Cadiz Corporate Solutions fund manager and analyst Peter Major said despite the challenges in South Africa for platinum, it is still the “number one foreign exchange earner in mining.”
Mining Weekly reported that Cadiz Corporate Solutions fund manager and analyst Peter Major said despite the challenges in South Africa for platinum, it is still the “number one foreign exchange earner in mining.”
As quoted in the market news:
From 2000 to 2008, platinum traded at nearly double the gold price. But for all of 2012, it was at a 7% discount to gold,” Major points out. Platinum mines generate about $12-billion a year from the PGMs and base metals mined – more than the $10-billion generated by the gold and coal industries. “That makes platinum South Africa’s number one foreign exchange earner in mining,” he adds.
Latest News
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.