Palladium

The Financial Times reported that issuer ETF Securities is on the block with an asking price of $1.6 billion, and Goldman Sachs has been hired as an adviser for the sale. The firm is noted for introducing the first ETFs backed by physical inventory of platinum and palladium. According to NSX, ETF Securities has accumulated [...]

The automobile industry has a major impact on the value of both platinum and palladium ETFs. The precious metals are both used in the manufacturing of catalytic converters within automobiles. The demand for automobiles is down considerably over the past few months, which has put a dent in the recent values of platinum and palladium. [...]

To meet demand, ETFSecurities added new shares to its popular platinum and palladium funds on Monday. The new combined value of the funds now rests at $871 million. ETFSecurities raised the number of shares in the ETFS Physical Platinum Fund (PPLT: Quote, Profile, Advanced Chart, News) to 11.22 million shares, up from 4.78 million, Reuters [...]

A looming debt crisis in Europe has put a damper in palladium’s success. The metal, which linked together more than a year of back-to-back monthly climbs, has dropped 16% in May alone. The May 2010 slump, which follows a rally from January 2009 to April 2010, is the biggest drop since the collapse of Lehman [...]

The value of palladium as a hedge against inflation and economic calamity was put to the test amidst worries over European solvency. Investors swapped palladium positions for gold, seeking the ultimate protection against another financial crisis. Both palladium and platinum fell to a multi-week low as investors reorganized their metals positions. Most notably, palladium investment [...]

ETFSecurities’ trip across the Atlantic and into American markets has proven to be a great success. The company has filed to grow its platinum and palladium ETFs with the issuance of new shares ahead of increasing investment demand. ETFSecurities will issue 6,440,000 new shares for the ETFS Physical Platinum Shares (PPLT: Quote, Profile, Advanced Chart, [...]

While some analysts are calling gold a bubble, others are forecasting where the precious metal will peak. For the first time in nearly two decades, the once boring metal has brought out the best and brightest market forecasters to put their money where their mouth is. A Bloomberg survey of 22 analysts reveals that 15 [...]

Capitalizing upon the precious metal trend, ETF Securities’ newest addition to its family of US commodity ETFs will blend holdings of various precious metals. The fund will buy physical gold, silver, platinum and palladium to back investors’ assets. The ETFS Physical PM Basket Shares, as it will be named, will be created with a new [...]

In just one week, ETF Securities has doubled the assets of its two newly launched platinum and palladium funds. 2009 was the year of the emerging markets, but will 2010 be the year for metals? The platinum fund now holds a grand total of 164,874 ounces, and the palladium offering holds 279,956 ounces, twice the [...]

In their first week of trading, two funds from ETF Securities have added nearly 200,000 ounces. ETFS Physical Platinum Shares (PPLT: Quote, Profile, Advanced Chart, News) and ETFS Physical Palladium Shares (PALL: Quote, Profile, Advanced Chart, News) are both off to a quick start. The platinum fund, PPLT, added a total 89,448 ounces worth $144.1 [...]