https://www.engineeringnews.co.za

Precious metal price rises to continue – Fitch Solutions

9th September 2019

By: Tasneem Bulbulia

Deputy Editor Online

     

Font size: - +

Research firm Fitch Solutions expects rises in precious metals prices to last longer than previously expected, driven by various factors.

In a statement published on Monday, the firm said higher prices mainly reflected the dovishness of global central banks and continued fears of recession, two trends Fitch expected would remain in place.

Despite rising recession fears, Fitch noted that movements in the prices of precious metals used for industrial purposes, such as silver, rhodium and platinum, could be pointing to a rebound in global economic activity.

However, it was not bullish on this, stating that the recent rally could be driven by sector specifics, as rhodium and platinum were heavily used in the making of catalytic converters and new auto emission control regulations were currently being adopted across the globe.

Additionally, peaks in rhodium prices have preceded the past two recessions.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rosond
Rosond

ROSOND provides fast, efficient, safe, and cost-effective drilling and grouting services to mining and exploration industries throughout Africa.

VISIT SHOWROOM 
AirNox Pty Ltd
AirNox Pty Ltd

AirNox (Pty) Ltd is a level 1 BBBEE manufacturer of complete AdBlue® solutions for operators of SCR diesel engines and AUS40 across South Africa...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.057 1.331s - 140pq - 2rq
Subscribe Now