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Zimbabwe’s platinum output rises 11% in Q1, prices set to remain high in F21 HARARE – Zimbabwe platinum production rose 11% in the first quarter to 120koz while it is estimated to grow 2% to 457koz in the full year (2021). According to the latest global platinum production report from the World Platinum Council, over the last quarter, production rose 4% from December’s 115koz. Platinum is used in catalysts in diesel vehicle engines to reduce carbon emissions. Demand is expected to climb in the coming years as governments globally are issuing stricter emissions limits in an effort to curb climate change. The metal is primarily mined in South Africa and Russia, with some production in Zimbabwe, Canada and the US. Production was curtailed last year at the start of the COVID-19 pandemic, tightening supply ahead of a rise in demand from manufacturers. ....
10 Best Dividend Stocks to Buy According to Billionaire Stan Druckenmiller Stanley Freeman Druckenmiller is an American investor, hedge fund manager, and philanthropist with a long-standing career in the financial industry. He first joined the financial sector management trainee at Pittsburgh National Bank in 1977 before becoming the head of the equity research group a year later. He is also one of the leading experts to follow when looking for recommendations for the top dividend stock picks. Druckenmiller is the former chairman and president of Duquesne Capital, which he founded in 1981. In 1986, he was named head of the Dreyfus Fund, having joined the fund as a contract consultant a year before. In 1988, he replaced Victor Niederhoffer at Quantum Fund, owned by George Soros, where he raised $260 million in 2008. In 1992, Druckenmiller and Soros made a fortune betting against British pound sterling, which crashed on “Black Wednesday.” ....
5 Best Gold Stocks to Buy in 2021 No. of Hedge Fund Holders: 22 This is a gold mining company that also deals with the development of gold mines, as well as selling precious metal. It also deals with copper production and has investments in the Canadian oil and gas industry. First Eagle Investment Management, held by Jean-Marie Eveillard was its largest hedge fund investor with more than 26.8 million shares. Barrick Gold recently signed an agreement that would allow Papua New Guinea to have majority shareholding in Porgera gold mine, scheduled to resume operations. PNG stakeholders will own 51% of the Porgera mine, while Barrick Niugini Ltd will own the remaining stake. ....
GoodHaven Capital: "Barrick (GOLD) Now Stand More Attractively Priced" insidermonkey.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insidermonkey.com Daily Mail and Mail on Sunday newspapers.
The Global Precious Monthly Metals Index (MMI) gained 1.5% for this month’s index value, as the gold price has lost some of its gains from the summer. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Gold price gains MetalMiner’s Stuart Burns recently checked in on the gold price and where it might be expected to go in 2021. As precious metals watchers know, the gold price has enjoyed a sharp rise this year amid the global pandemic. “The bulls are predicting a resurgence in the price to U.S. $2,300 per troy ounce in 2021,” Burns wrote. ....