Platinum demand outpaced supply by 995,000 ounces last year. That was 46 percent higher than forecast.
Meanwhile, platinum jewelry sales grew by 8 percent in 2024, and investment demand took off, rising by 77 percent.
The WPIC forecasts that jewelry demand will reach 2 million ounces this year, an increase of 2 percent year-on-year.
Source – Money Metals
The silver market continues to see a lot of noise at the moment, but at this point, we are watching the trendline for some kind of decision to be made for the longer-term. Silver is something that you should always be careful for, but this time of year makes it even worse when it comes to position sizing.
Source – Christopher Lewis / FXEMPIRE
Freeport’s last export permit expired at the end of 2024, but the company has requested it can continue selling copper concentrate abroad because its local copper smelter was in repair after a fire in October last year.
“The trade ministry supports a plan to relax the export policy after weighing the cost and benefit analysis … while also observing the sustainability of the government’s natural resource downstreaming policy,” deputy minister Dyah Roro Esti said in a statement.
Freeport Indonesia said that it’s currently negotiating with the government over the export permit and believed the government “would accommodate” it.
Source – Mining.com
Benchmark LME copper futures are more than 9% higher so far this year, and Comex copper is 16% higher YTD, with the Comex now trading at a 10%-12% premium over LME, and Morgan Stanley analysts see more room for growth.
“We stay constructive on copper, our preferred base metal,” Morgan Stanley wrote. “Fundamentals and price signals are positive, and inventories are tightening as metal gets pulled to the U.S. Tariffs may bring demand concerns in the future, but for now physical markets continue to tighten.”
Source – Seeking Alpha
Utah has a rich history in precious metals, and today we’re excited to officially publish our Gold & Silver Dealers in Utah page. This state is home to a mix of long‑standing coin shops, bullion dealers, and family‑run businesses that serve collectors and investors across the region.
Find gold and silver dealers with experience to help you understand the market, invest into your personal collection, or sell your precious metals for cash. These businesses specialize in the gold and silver niche so you can be sure someone knowledgeable will help you.
If there are any honorable mentions that are not included on this page please let me know and I will gladly add them.
Happy Investing!
-V.
The most recent trading sessions have showcased gold’s resilience and volatility. Following a sharp decline of $45 per troy ounce in spot gold and a $63 drop in April futures on Friday, February 14, the market demonstrated strong recovery momentum. After the Presidents’ Day holiday closure, Tuesday’s trading saw spot gold gain $36.97, and the April futures contract gaining $60.70, nearly reaching the record levels established on February 12.
Source – KITCO News / Opinion
First Quantum decision suggests movement to resolve investor dispute with Central American government
Canada’s First Quantum Minerals on Monday said it was stepping back from a multibillion-dollar arbitration demand against Panama’s government over the closing of one of the world’s largest copper mines.
Source – Financial Times
