Platinum Group Metals Price Bulletin - 10th May 2010 to 14th May 2010

Johnson Matthey London Base Prices at 0800 hrs, $/oz:

 PtPdRh
Monday 10th May   1688   527   2825
Tuesday 11th May   1684   525   2825
Wednesday 12th May   1697   531   2825
Thursday 13th May   1738   547   2825
Friday 14th May   1730   545   2825


Platinum 2010, Johnson Matthey’s review of the platinum group metals markets, will be released on Monday 17th May at 13.00 London Time. Click HERE to download at that time.

Despite the introduction of emergency measures by the European Union to support Greek economy recovery and announcements by the Spanish regarding plans to tackle their budget deficit, continued uncertainty in the European markets saw a flood of fresh investment in gold. Prices surged through the previous all time high, offering some support to the PGM complex, gold finishing the week approaching $1,250.


Platinum

After the sharp sell off seen last Friday, platinum bounced back initially on the better news from Europe before fading slightly as the physical platinum interest, seen recently on dips in the market, disappeared. Platinum then moved back over the $1,700 mark as gold’s influence came to bear but then stalled on fears of an industrial slowdown in Europe.


Palladium

Prices for palladium moved higher alongside platinum and held on, despite renewed fears over the future of European car sales, most gasoline engine cars in Europe using palladium catalysts.


Rhodium

The market for rhodium was relatively quiet and the Johnson Matthey base price remaining unchanged all week.



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