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JOHANNESBURG (miningweekly.com) – A wide range of industries, which require considerable production volumes that platinum group metals (PGMs) can help to provide, are being developed and ramped up, such as in the production of ammonia, methanol or e-fuels, says SFA Oxford CEO Henk de Hoop.

The electric age may be on the horizon, but for one reason or another people are not getting rid of their combustion-engined vehicles just yet, according to a new study from S&P reported on by Reuters. Now, the average age of cars and light trucks in the U.S. sits at an all time high: 12.5 years.

For light-duty vehicles – From 2027 to 2032, 45% reduction in CO2 emissions, 60% reduction in NMOG + NOx, and PM limit reduced to GPF-enforcing 0.5 mg/mi.

The GOLD PRICE slipped to new 2-week lows in London trade Wednesday, extending yesterday's steep drop through $2000 per Troy ounce after strong US economic data and comments from Fed policymakers saw the market consensus on interest-rate cuts start to retreat.

A previously anticipated platinum shortage will be worse than expected this year thanks to increased demand, particularly from the industrial sector, according to the World Platinum Investment Council.

COPPER cable theft accounted for more platinum group metal (PGM) production losses than power curtailment in Sibanye-Stillwater’s first quarter, it said today.

Demand for platinum is increasing because of investment demand, a recovery in automotive sales and further tightening of emission standards.

My Q1 2023 quarterly report on precious metals on Barchart highlighted the 5.97% decline in 2022 and the 18.35% drop over the first three months of 2023. Nearby NYMEX palladium futures fell to a $1,336 per ounce low in March 2023 after rising to a $3,380.50 high in March 2022. The move to the record peak came after Russia invaded Ukraine, igniting supply concerns.

Gold prices rose on Tuesday, buoyed by economic uncertainties including the U.S. debt ceiling stand-off as traders braced for inflation readings that could influence the Federal Reserve’s interest rate strategy.

Gold is closing in on an all-time high as resurgent Chinese demand and fears over the health of regional US banks have added further fuel to the six-month rally in the precious metal.

Most bright red sports cars do not make much of their green credentials. Yet a test run in Bicester, Oxfordshire, by the startup Zero Petroleum last month gave a glimpse of a future in which combustion engines did not add new carbon to the atmosphere. The car was running on e-fuel: petrol made using electricity, hydrogen from water, and carbon captured from the air.

Platinum is a precious metal, but mostly it is an industrial metal used as a catalyst in catalytic converters for motor vehicles. South Africa is running low on power to mine and refine Platinum. We might be able to live with less platinum, but there would be major adjustments in the industries affected.

Comex gold futures prices are modestly up in early U.S. trading Monday. Silver prices are near steady. The key outside markets are friendly for the precious metals to start the trading week, as the U.S. dollar index is weaker and crude oil prices are solidly higher. The technical charts remain solidly bullish for gold and silver. June gold was last up $7.30 at $2,032.00 and July silver was down $0 ...

Gold and silver prices are seeing strong selling pressure in late-morning trading Friday, following another U.S. jobs report that came in better than the consensus forecast. Featured is solid profit-taking from the shorter-term futures traders after both gold and silver scored good gains this week, including gold futures hitting a new record high.

Gold made another run toward record highs on Thursday as U.S. banking concerns accelerated a flight to the safe-haven asset and sustained its stellar rally driven by bets for a pause in U.S. rate hikes.

Joe McElroy got into his Honda sedan one morning in late 2020, turned the key, and heard a loud screech. “Gotdamn,” he said. As a mechanic, he knew instantly that his car’s catalytic converter — a football-sized device on the undercarriage between the engine and muffler that reduces environmentally harmful exhaust emissions — had been stolen, sawed off overnight while the car sat in the driveway ...

The board of Australia's Newcrest Mining has recommended the latest takeover offer of bigger sector player Newmont, which last month valued the target company at $19.5 billion. "The latest offer is one that the board would be prepared to recommend subject to successful due diligence during the period," interim Newcrest chief executive Sherry Duhe said this week, as quoted by Bloomberg.

Comex gold futures prices are up and overnight hit a new record high of $2,085.40 an ounce, on safe-haven demand amid a jittery U.S. banking system and worries about a U.S. and/or global economic recession. Silver prices are also higher. June gold was last up $13.80 at $2,050.90 and July silver was up $0.234 at $25.915.

Gold prices fell 0.5% to $1,980.78 per ounce on May 3 due to the strengthening of the US dollar ahead of an interest rate hike decision to be made later in the week by the Federal Reserve. Meanwhile, JPMorgan acquired a majority of assets and liabilities of First Republic Bank. "If we see a meaningful downturn in US economic data that expanded rate cut expectations for the back half of this year ...

South Africa’s Sibanye Stillwater has resumed output at its Stillwater West mine in Montana, United States, and production should be back to normal around the end of April, the company said on Monday, after repairs to shaft infrastructure.

The theft of $20 million in gold and other high-end items from Pearson International Airport was likely a well-planned professional job and if authorities don’t get the gold back quickly, it’s likely gone forever.