Platinum giants get lifeline as green economy boosts demand

After a decade in the doldrums, South Africa’s key platinum industry reported windfall profits last month as supply deficits pushed palladium and rhodium to record highs.

Bloomberg News | March 18, 2021 | 8:34 am

High-flying platinum stocks set to extend Johannesburg gains

The blistering pace of gains that has pushed South African platinum stocks to the highest in more than 12 years looks likely to be sustained.

Bloomberg News | March 17, 2021 | 6:11 am

Nornickel downgrades output forecast by 15-20% after mine restarts delayed

Operations at the Oktyabrsky and Taimyrsky mines are unlikely to restart fully for another 3-4 months.

Reuters | March 16, 2021 | 9:01 am

Russian metal, fertiliser, other firms should invest more at home – Putin

Putin asked Russia's tax service to provide a detailed report to him each quarter about the profits of Russia's largest companies and whether they are being invested in projects inside the country.

Reuters | March 11, 2021 | 11:24 am

Canadian Palladium drills East Bull strike to 2.5 km near Sudbury

The company recently released assays from five recent drill holes between the Valhalla and Garden zones.

Northern Miner Staff | March 10, 2021 | 1:22 pm

More platinum deficits to come after record undersupply in 2020 – WPIC

By disrupting mining activity, the coronavirus pandemic affected platinum supply much more than demand, pushing the roughly 8-million ounce market into a deficit of 932,000 ounces last year.

Reuters | March 10, 2021 | 7:29 am

Nornickel’s $2 bln fine will be used to improve Arctic environment – Putin

The leak of 21,000 tonnes of diesel into rivers and subsoil from a rusty-looking storage tank at mining firm Nornickel's power plant in Siberia angered President Vladimir Putin.

Reuters | March 10, 2021 | 7:15 am