The biggest buyers were Poland, with 18 tonnes, and China with 10 tonnes, while Uzbekistan and Kazakhstan also continuing their recent streak of gold purchases.
South African miners, who account for 70% of global platinum output, are wary about adding new production due to uncertainty over long-term demand, leading to declining output as mineral reserves deplete. “For platinum, we were looking at about 6.2 Moz/year in 2019, and we see that moving down to 4.7 Moz by 2034,” Kleantha Pillay, Sibanye’s executive vice president for sales and marketing, told ...
Silver spot: roughly $70/oz, down about 44% from its 2026 record high — GoldSilver, June 15, 2026 2026 market deficit: 46.3 Moz, the sixth consecutive annual shortfall — World Silver Survey 2026 Cumulative drawdown: about 762 Moz pulled from above-ground stockpiles since 2020 — Metals Focus Bull case: $90–$106 year-end, with Citi standing by a $150 call for 2026 — Finance Magnates
Fritsch noted that gold’s price action since the war started has been counterintuitive to fundamental market beliefs. The precious metal, traditionally seen as an inflation hedge, has fallen even as the global energy crisis pushes consumer prices higher. At the same time, despite the chaos in the Middle East, gold has been unable to attract a safe-haven bid. However, Fritsch explained that the ...
“Precious metals have been the leader, with gold up 92% and silver more than doubling (+152%) since the start of 2025,” Moglia said. “Gold has been supported by persistent central bank purchases which accelerated starting in 2022 following the sanction of Russian foreign exchange reserves. However, 2025 marked an inflection point in the precious metals rally, as speculative momentum flows surged ...
After a strong start to the year, Platinum Group Metals (PGMs) have been stuck in a range for the last few months, but according to one research firm, prices across the entire sector are still expected to end the year with solid gains, led by Platinum.
A research team has developed an integrated process combining pure ruthenium-based nano through-silicon via fabrication and extreme all-dry thinning of silicon-on-insulator wafers to support backside power-delivery networks for advanced three-dimensional integrated circuits, according to a new study published in Engineering.
Johnson Matthey notes in its latest 'PGM Market Report' that platinum demand will exceed supply again this year on the back of firm industrial use and constrained mine supply, while ruthenium and iridium are also expected to be in deficit amid rising demand from the data storage and energy transition sectors.
Despite the ongoing threat to the global economy posed by the war in Iran, the silver market is attracting renewed investor attention as prices push back above $80 an ounce, with growing expectations that $90 is around the corner.
A new report from Metal Focus reveals that global silver market remains structurally tight, with elevated prices, a fifth consecutive annual supply deficit in 2025, and ongoing mine and recycling constraints despite modest production growth. At the same time, PV-driven silver demand is falling sharply due to cost pressure and thrifting.
In a new recycling process, developed by JM, PGMs are recovered from CCMs without incinerating the perfluorosulfonic acid-based ionomers on which the operation of PEM electrolyzers and fuel cells depend. In a complementary process, developed in parallel by Syensqo, the ionomers are extracted, purified and reconditioned for reuse.
Opportunistic buyers are starting to emerge in the gold market after the biggest selloff in years, helping to keep bullion’s record-breaking three-year bull run intact.
Platinum traded near $1,870 on Friday, March 27, after a sharp two-way session pulled the metal off its earlier low but stopped short of a clean recovery. Spot prices swung between about $1,817 and $1,915, leaving traders to weigh bargain buying against a still-firm U.S. dollar, rising Treasury yields and oil back above the $100 area.
Silver pulled back from its $88.80 session high on March 10 to around $80–81 as of this writing. If you're watching that number and feeling uncertain, I understand the impulse. A 9% decline in a week invites doubt. But the pullback has a specific, identifiable cause: the US dollar strengthened sharply following the Warsh nomination and FOMC hold expectations. When the dollar strengthens, silver's ...
Russia’s MMC Norilsk Nickel PJSC is betting on artificial intelligence as part of a $100 million push to find additional uses for palladium as electric vehicles erode the metal’s main source of demand.
Ruthenium prices have reached an all-time high, driven by surging demand from the AI boom, particularly in data storage and cloud computing. This surge is occurring amidst significant supply constraints, as ruthenium is a by-product of platinum-group metals mining, with South African production declining. Analysts predict a substantial deficit in the coming years.
While precious metals investors might worry about depleting gold mines or massive new discoveries impacting supply, and the potential for collusion among gold miners to control prices, there are a number of very good reasons why none of these scenarios will actually come to pass, according to the World Gold Council (WGC).
Few major commodities have displayed the kind of price volatility Palladium has since 2020. After a wild ride, boom and bust included, the price of the metal approaches a key area that will help determine its medium- and long-term outlook. Fasten your seatbelts.
