Commodity News

The guidelines cover monitoring activities during exploration, mining, milling, storage, transportation, export, marketing, safety, health and environmental protection standards. Exploration licences for uranium had been granted to Denison Mines and African Energy Resources.

By far the largest use of palladium today is for automobile catalytic converters. Based upon some estimates the 450 million automobiles in the world today is projected to more than double in the next 30 years requiring a growing use of palladium. And, while some forecasters suggest palladium recycled from scraped automobiles will become a large factor in the supply/demand price equation for palladium in coming years, other factors will mitigate these projections.

Gold prices are expected to plummet to even $950 per oz as some of the arguments for holding gold has become less relevant, Natixis Commodity Markets said