Platinum's Technicals Show More Upside, As Valterra Makes A Strong Debut - Valterra Platinum (OTC:AGPPF)

Platinum's Technicals Show More Upside, As Valterra Makes A Strong Debut - Valterra Platinum (OTC:AGPPF)

The WPIC forecasts a near one-million-ounce supply shortfall this year, citing steady demand from the automotive sector, industrial users, and ETFs, whose holdings are now at a 10-month high.

Platinum Extends Surge To Highest Since 2021 As Market Tightens

Platinum extended its surge as the market for the precious metal strains under signs of severe tightness.Spot prices jumped as much as 4.6%, following last week’s 10% increase, to trade around $1,200 an ounce, the highest level since May 2021. The implied cost of borrowing the precious metal for one month peaked in data going back six years, while holdings in platinum-backed exchange-traded funds reached a 10-month high. The bullish signals come…

Valterra leads charge as platinum surges to three-year high

SHARES in Valterra Platinum, which last month demerged from Anglo American, surged in Johannesburg after the platinum price reached its highest in more than three years. The company gained as much as 7.1% by midday, followed by Impala Platinum, which was seven per cent higher. Northam Platinum and Sibanye-Stillwater were 5.4% and 4.3% higher respectively. At just over $1,200 per ounce, platinum was nearly 11% higher. Sister metal palladium gaine…