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Global mined silver production is expected to fall 2% year-on-year to 820Moz in 2023, driven by lower output from operations in Mexico and Peru, according to The Silver Institute.

In the trial from late October through January, a specially modified van from Toyota's HiAce series is being used by local construction and security firms to confirm the vehicle's operability and durability on roads in the suburbs of Melbourne.

The business lost over $1.5 billion in value at the end of last week following a shocking announcement

Palladium prices have tumbled to five-year lows below $1,000 an ounce this week, hastening a retreat triggered by expectations of surpluses due to the rapid spread of electric vehicles and automakers choosing cheaper platinum for their autocatalysts.

A contract worker has died in a machinery accident at an underground precious metal mine in south-central Montana and work has temporarily stopped while the death is investigated, mine officials said.
The worker was preparing an area for future mining early Monday at the Stillwater Mine. He was bolting up wire panels to prevent falling rock when the accident happened, said Heather McDowell, a ...

Gold is trying to settle below the support at $1940.
Silver is moving lower amid a broad pullback in precious metals markets.
Platinum tested new lows while palladium settled below the key $1000 level.

Sibanye-Stillwater has spread its global net further afield after the $155.4m acquisition of a US metals recycling business Reldan, headquartered in Pennsylvania, who processed about 23 million pounds of e-waste and produced 145,000 Toz of gold, 1.9 Moz of silver, 22,000 Toz of palladium, 25,000 Toz of platinum, as well as 3.4 million pounds of copper.

As for palladium, the Reuters survey expects the price to average $1,250 an ounce in 2024, down from $1,369 in previous surveys. Palladium tumbled 40% so far this year, hitting five-week lows at $1,083.

For palladium, the poll forecast average prices of $1,250 an ounce in 2024 -- down from a forecast of $1,369 in the previous poll.
Palladium is down 38% so far this year and touched $1,083 last week, its five-year low, amid rapid rise of palladium-free electric vehicles and platinum for palladium substitution.

What sets HSBC apart is its clout in the bullion market. It is one of the world’s largest custodians of precious metals and one of four clearers on the London gold market, where over $30 billion of the metal changes hands every day.

With the US Federal Reserve expected to hold its key interest rate at near 2-decade highs this Wednesday, the gold price hit new all-time highs in most major non-Dollar currencies, including the Chinese Yuan, Euro, British Pound and Japanese Yen, ahead of tomorrow's Bank of Japan decision and then the UK's Bank of England on Thursday.

Currently, according to industry data, approximately 97% of Germany’s (natural gas) grid is capable of transporting hydrogen fuel.

Sibanye-Stillwater announced today restructuring plans of its South African platinum group metal (shafts) affecting 4,095 full time employees and contractors. The precious metals miner said the restructuring was owing to cost increases in electricity and water especially as well as the deterioration in PGM prices this year.

Amplats posted a -9% decline in refined PGMs output to 909,700 Toz for the third quarter partly owing to a five day water supply interruption.

AN estimated 543 miners are being held hostage in an underground gold mine in Springs, east of Johannesburg by the Association of Mineworkers & Construction Union (AMCU), said reports including one by the Citizen, a newspaper, which first reported the incident on Monday.

Taiwan’s computer manufacturer Acer said that PC demand has come back and the firm has seen year-to-year growth in the third quarter.
“We have seen the demand reach the bottom during about the May timeframe this year and ever since that, the demand has come back. For Q3, we have already seen YoY growth,” said CEO Jason Chen.
Latest Canalys data showed that the global PC market saw a slower ...

Green technologies have emerged as the largest demand vector for silver — including the uptake of solar panel technology, the rise of electric vehicles and the shift to 5G cellular service.
Industrial demand for silver, especially for solar panels, is expected to put the silver market in deficit again this year and create significant market imbalances in the future.

The Vang family was part of a nationwide catalytic converter theft ring that ceased operations in October of 2022 after authorities coordinated a takedown of thieves, dealers and processors over a $600 million sale to a metal refinery. (Matt: Processor w/zero KYC “Know Your Customer” infrastructure leads to you being a magnet for criminals. Is DG Auto is the only one using you?)

Six people who ...

A new ternary alloy catalyst (Cu-Au-Pt) was developed that is not only cheaper but also performs more than twice as efficiently as traditional platinum catalysts. The novel catalyst uses just 37% platinum and shows remarkable durability, with little degradation even after 5,000 stability tests.

US President Joe Biden’s administration is seeking to strengthen controls on selling graphics chips for artificial intelligence (AI) applications and advanced chipmaking equipment to Chinese firms, the people said, asking not to be named because the rules are not yet public.

Demand for green hydrogen will skyrocket in the EU after the 27 member states finally approved the long-gestating Renewable Energy Directive, which includes mandatory usage targets for renewable H2 and its derivatives (known in EU parlance as Renewable Fuels of Non-Biological Origin, or RFNBOs).