Johnson Matthey: Palladium Market Deficit Expected for 2012

Source: Kitco, Allen Sykora (5/14/12)

"The global palladium market swung from a deficit to an oversupply situation last year largely due to net disinvestment, but is expected to return to a deficit in 2012, said Johnson Matthey in its 'Platinum 2012' report issued Monday."

Kitco, Allen Sykora

The International Monetary Fund (IMF) is planning to purchase more than $2 billion worth of gold on account of rising global risks. The IMF currently holds around 2800 tonnes of gold at various depositories

The report, widely followed by those in the platinum group metals business, listed a 2011 surplus of 1.26 million ounces after a 530,000-ounce deficit in 2010.

Johnson Matthey factors in investment demand—or disinvestment—when calculating supply/demand figures. And that was the primary factor fuelling the turnabout in the supply/demand balance last year, said Tim Murray, general manager for precious metals marketing with Johnson Matthey.

"There was disinvestment 565,000 (ounces) against 2010, when we had nearly 1.1 million go into investment," Murray said. "So if you actually do the math, the surplus effectively is caused by the disinvestment number in palladium....The ETFs had a large swing of just over 1.6 million ounces, basically, from positive to negative."

ETF shares trade like a stock but track the price of a commodity. Metal is put into storage to back ETF shares, meaning physical demand, but conversely metal is sold back into market when investors redeem their shares.

Autocatalyst and industrial demand for palladium rose, and Russia continued to sell palladium from government-controlled inventories, the report said.

Gross demand for palladium fell by 13% last year to 8.45 million ounces, Johnson Matthey said. . .View Full Article

Gold Explorer Highlights 2020 Achievements and Outlook
Source: Streetwise Reports (01/29/2021)

Magna Gold Corp.'s CEO Arturo Bonillas issued a letter to shareholders outlining the firm's business and financial accomplishments in 2020 and its strategy and outlook for 2021.

Cabral Gold's channel samples at the JM target provide "further evidence that numerous high-grade veins occur within the Cuiú Cuiú district."

Explorer Completes Phase 2 Metallurgical Work for Palladium-Copper Project
Source: Streetwise Reports (01/28/2021)

Generation Mining intends to wrap up the feasibility study on Marathon this quarter.

Silver Firm Reports Q4/20 Processing, Production Numbers from Mexico Project
Source: Streetwise Reports (01/28/2021)

MAG Silver's joint venture project Juanicipio produced 230,000 ounces of silver during the quarter ended Dec. 31, 2020.

Explorer Reports High-Grade Gold-Silver Intercepts at BC Golden Triangle Property
Source: Streetwise Reports (01/27/2021)

Scottie Resources Corp. advises that the target remains open in most directions.

Golden Arrow Resources Out Exploring Again After COVID-19; Hits High-Grade Gold at Tierra Dorada in Paraguay
Source: The Critical Investor for Streetwise Reports (01/27/2021)

The Critical Investor explains why he believes "investors have an interesting opportunity to invest in a pretty derisked, undervalued and experienced explorer with three chances for success."

Junior Mining Sector 'the Best Value in the Space'
Source: Streetwise Reports (01/27/2021)

The StreetSmart Live! Broadcast on Jan. 26, 2021, focused on metals and why now is a good time for investors to be looking at them and the mining space. John Newell, independent analyst and portfolio manager, and John Feneck, mining sector expert and president of Feneck Consulting, addressed the status of the current metals market. CEOs of the three metals-focused companies comprising the Metallic Group of Companies—Group Ten Metals, Metallic Minerals and Granite Creek Copper—discussed their projects.

Shenanigans Abound: Gold, Silver and Cryptocurrency
Source: Michael Ballanger for Streetwise Reports (01/26/2021)

Sector expert Michael Ballanger explores the generational trends currently shaping investment markets, including the precious metals.

MMT Survey Helps Explorer Identify New Large Target at Ecuador Property
Source: Streetwise Reports (01/26/2021)

Aurania Resources reported that data from an ongoing Mobile MT Survey identified an extensive target at Tsenken at its Lost Cities - Cutucu Project in southeastern Ecuador.