Silver down over 1% to the lows of $25.63 on the day he drag in gold is also inadvertently having a negative pull on the likes of silver and platinum lately and we are seeing more of that today as well with silver having fallen to its lowest levels since 28 January below $26.The drop…
LONDON, Feb 10 (Reuters) – Platinum, palladium and rhodium used by the auto industry to filter emissions from engine exhausts were all in short supply last year, data from specialist materials firm Johnson Matthey showed on Wednesday, as prices for the metals soared. Supply shortfalls have driven rapid price gains, with platinum trading at six-year…
In the early decades of the nineteenth century scientist Sir Humphry Davy stumbled upon the phenomenon of heterogeneous catalytic oxidation when working on the development of the first-ever miner’s safety lamp. By inserting a platinum wire near the ignited wick of the lamp, Davy found it would catalyse the continued oxidation of coal gas. This…
Gold slid as much as 2% to its lowest in nearly nine months on Wednesday as elevated U.S. Treasury yields and a stronger dollar hammered the metal’s appeal. Spot gold was down 1.2% at $1,718.09 per ounce by 11:56 a.m. ET (1656 GMT), after falling to its lowest since June 2020 at $1,701.40 earlier in…
With modern cars using more silver than ever in theiradvanced technology components, the worldwideautomotive sector could need nearly 90 million ounces(Moz) annually of the metal by 2025, according to arecently-published report by the Silver Institute.In four years, silver consumption in the automotivesector should rival that of the photovoltaic industry,forecast to reach 98 Moz in 2025,…
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