ABN AMRO sees precious metals price weakness

Norilsk Nickel said its production of palladium could decline in 2018, while output of nickel from Russian raw material would remain flat.

Focus on platinum-palladium prices and ratios over the past 48 years.

The company beat expectations on Thursday with a 5% increase in 2017 production.

President Emmerson Mnangagwa, who took the post in November, has ordered an examination of both industries that may lead to the abolition of the 51% local ownership rule on them.

Indian commodities billionaire said the rally in Anglo American Plc vindicated his personal bet in the mining group.

Lonmin announced $1.1bn impairment charge due to weaker platinum prices and a firmer rand, plunging it deeper into operating losses.

After lagging behind other precious metals last year, platinum is finally outperforming, and hedge funds are taking notice.

"The best is yet to come, but not just yet. Patience," Sharps Pixley's CEO says.

Data obtained from the Arkyd-6 will be use in the development of the Arkyd-301, Planetary Resources next spacecraft platform and the beginning of its space resource exploration program.