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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.