ENTITY

Platinum (PLATINUM COMDTY)

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Analysis
MaterialsUnited States
Platinum is a chemical element with symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, gray-white transition metal. Its name is derived from the Spanish term platina, which is literally translated into "little silver". Platinum is a member of the platinum group of elements and group 10 of the periodic table of elements. It has six naturally occurring isotopes. It is one of the rarer elements in Earth's crust with an average abundance of approximately 5 μg/kg. It occurs in some nickel and copper ores along with some native deposits, mostly in South Africa, which accounts for 80% of the world production. Because of its scarcity in Earth's crust, only a few hundred tonnes are produced annually, and given its important uses, it is highly valuable and is a major precious metal commodity.
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bearishNatural Gas
07 Feb 2023 09:13Syndicated

Major Commodity Fund Outflows Continue in January

Glencore said last week that its copper production fell 12% in 2022.The miner and trader said it produced 1.06 million tonnes of copper last year...

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bearishNatural Gas
31 Jan 2023 08:37Syndicated

The Commodity Report #88

Freeport’s earnings were expected to fall 53% from a year ago to 45 cents a share. Revenue was seen slipping 12% to $5.4 billion.

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bullishNatural Gas
24 Jan 2023 07:37Syndicated

The Commodity Report #87

Sentiment is very important when it comes to trading any financial asset. In terms of commodities, Goldman Sachs seems to be still a bit too...

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bullishPlatinum
17 Jan 2023 05:14Syndicated

The Commodity Report #86

Commodity trading houses have shown a stunning performance since 2020. So far, there are only a few arguments for why this should change in the...

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bullishCrude Oil
03 Jan 2023 07:23Syndicated

The Commodity Report #84

What a year it was for European energy prices. Every time it gets emotional, prices behave volatile and sometimes also irrationally.

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