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Chops thanks did a search on Platinum and came up with nothing yesterday,did the same today and found it.Anyone got opinions as to whether platinum will go the same way as other commodities in short supply
It looks like the Platinum demand will outstrip supply next year. By about 20,000 ounces, I'm led to believe. I don't think the Platinum price will go up a huge amount, because the cheaper Palladium can be substituted in a lot of uses. That's what they did when a similar thing happened in 2001. It is also my tip for the metal of next year, Palladium that is.alankew said:Chops thanks did a search on Platinum and came up with nothing yesterday,did the same today and found it.Anyone got opinions as to whether platinum will go the same way as other commodities in short supply
Fab said:My guess is resources should do ok but blue chip will go down
Yeah, I noticed that a while back. But what has happened is that they have begun to use Cobalt based products as a replacement, or so I can gather. Until the Cobalt prices peak, zinc might stagnate a bit. Any other opinions?stoxclimber said:Is anyone else concerned about a) the steady ins in Singapore and b) the drop off in cancellations?
stoxclimber said:Is anyone else concerned about a) the steady ins in Singapore and b) the drop off in cancellations?
Because Cobalt based paint is the alternative to galvanisation by and large. I am also led to believe by an industrial chemist, that even a small amount of cobalt added into alloys, can reduce corrosion substantially.rederob said:chops
Cobalt is over $30/lb and zinc is $2/lb.
I am confused as to why cobalt is being used instead of zinc, so your help will be appreciated.
chops_a_must said:Because Cobalt based paint is the alternative to galvanisation by and large. I am also led to believe by an industrial chemist, that even a small amount of cobalt added into alloys, can reduce corrosion substantially.
I guess it depends on how much people think they can save by using these methods, rather than the preferred zinc.
There are no cobalt pure plays that I know of. I think it's found in other ore bodies. CMR look like they have a bit though.specman said:Well it appears right now that cobalt prices have exploded and demand for this metal is greater than zinc.It seems some people cannot book any material for next year.
Forget about zinc,does anyone know any pure cobalt plays?
stoxclimber said:By steady I mean that over the recent couple of months there have been almost 0 ins for zinc, and now in Singapore we've seen them for about a week straight. Been about 4000 tonnes this week, 3000 in one day. Plus the cancellations haven't been very strong - now only about 7k tonnes cancelled.
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