W/E Mar 20, 2018 Platinum Prices

Platinum prices slipped further last week losing some 5% of its value and dropping to a fresh three-month low below $915 an ounce. Over the past three months, other industrial metals have also struggled with copper off by nearly 6%, aluminum down 12%, lead lower by 8% and palladium by 17%.

The failure of gold to mount a convincing rally back to January highs weighs further on the platinum price, which has declined to a record $425 discount. In contrast, the metal has reached parity once again with palladium, not on the strength of platinum but rather on additional weakness in palladium.

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Material contained in this report is based upon publicly available market data believed to be accurate and reliable and is presented for informational purposes only. KMR assumes no warranty or liability for its completeness, nor guarantees future market performance. Further, KMR assumes no liability for direct or indirect loss or damage from the use of information contained in this report, or from any unforeseen errors or omissions.

About the author

Key Metal Refining

About Key Metal Refining LLC Key Metal Refining (KMR) buys scrap catalytic converters as the raw material source for its platinum group metal sales generated through its recovery and refining process. KMR’s controlling partner is DOWA Metals and Mining Co. America, a wholly owned subsidiary of DOWA Holdings Co, Ltd. KMR de-cans catalytic converters at its plant in Hainesport New Jersey. The material is further refined and smelted by DOWA in Japan.