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Platinum Group Metals Ltd s Subsidiary Lion Battery Technologies Inc Granted Third US Patent for PGMs Focused on Next Generation Lithium Sulphur Batteries
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Platinum Group Metals Ltd (AMEX:PLG), Ford Motor Company (NYSE:F) - Platinum Group Metals Wins Critical Patent For Lithium-Sulphur Battery Tech
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Exports look set to boost struggling economy
By Dineo Faku
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THE surge in commodity prices has been an unexpected boost for the local economy with a rebound in global demand soaring.
Palladium, rhodium, iron ore, gold and coal prices this week saw the SA Revenue Service raking in a record R54.6bn trade surplus in May on the back of the commodity bull run.
President Cyril Ramaphosa this week said the surplus was primarily driven by minerals, precious metals and vehicle exports.
Ramaphosa said transport equipment, chemical products and agricultural products also contributed.
“High commodity prices and rising global demand is good for our economy, particularly the mining sector.
Amazon s new CEO, JOLTS report, Levi Strauss earnings top week ahead
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June 22, 2021 at 17:32 PM EDT Will These Mining Stocks Increase In Value This Week? There are plenty of mining stocks that have been performing well in the market in 2021. As you know by now, this sector has been extremely high performing in the last year. The main cause of this has been the pandemic and the economic darkness that it brought with it. The pandemic caused the price of many materials such as gold and silver to perform very well in the market. This is because investors turned to precious metals and materials while the price of the dollar was slipping. There is something else that is affecting mining stocks now that we are in mid-2021. The pandemic is coming to a quick end in the United States right now. Restrictions have been loosened or removed entirely in all states. The U.S. is a big market for industrial and retail sales. So as reopening continues, the price of materials is going up right now. There is also a large fear of inflation in the United States right now