cost Of Mining Ounce Of Platinum

  • Platinum Production Cost How High is too High

    The all-in sustaining costs are about $1,110, while the platinum price is about $754 per ounce (as of September 2018). It means that it is importantly below the production costs. It implies that platinum mining is unprofitable right now. Obviously, such a situation can’t go on indefinitely.

  • Platinum production costs by world region 2018 Statista

    Oct 07, 2020· This statistic displays the average cost of production of platinum worldwide from 2013 to 2018, by selected region. In 2018, the cost of producing platinum in South Africa reached 985

  • Platinum PRICE Today Platinum Spot Price Chart Live

    Platinum was once the most expensive of the precious metals traded, maxing out at 1,000 US dollars per troy ounce. That is no longer the case as it has been surpassed by gold. Platinum is both.

  • Platinum Prices Today Per Ounce 24hr Spot Price Chart

    Apr 09, 2014· The per ounce cost will generally go down as the amount of ounces purchased goes up. For example, a dealer currently has a 1 ounce platinum Valcambi bar selling for $1,533 and a 10 ounce varied brand platinum bar selling for $15,030. If you do the math, then the 10 ounce bar offers a savings of $30 per ounce.

  • What is the Spot Price of Platinum?The platinum spot price is the price of platinum available for delivery now. Platinum is priced by the troy ounce, which has been the standard weig.Platinum as an Investment?Over the past decade or so platinum prices have increased overall, catching the attention of many investors. Many people look to precious metals su.How is the spot price of platinum calculated?Platinum is traded across multiple time zones and on multiple exchanges such as New York, Hong Kong, Zurich, and Sydney. The platinum spot price is.If platinum is quoted at $1480, what exactly does that mean?The spot price of platinum is quoted as the price for one troy ounce of platinum in U.S. dollars (USD).Does platinum only trade in U.S. dollars?Platinum prices are typically quoted in U.S. dollars (USD) per troy ounce. As with most commodities, platinum is usually quoted in USD, but prices.How often do spot platinum prices change?The price of platinum is constantly changing based on market supply and demand, currency movements and other factors. The platinum spot price updat.What influences the price of platinum?Many economic factors affect the price of platinum, including interest rates, macro-economic trends, indexes like as the Dow Jones Industrial Avera.What are bid and ask prices?Bids represent an offer to buy, while Asks represent an offer to sell. If you are looking to buy platinum, you would pay the Ask price, while if yo.Are platinum prices the same all over the world?Yes — the price of platinum is the same all over the world. Exchanges and markets can take the current spot platinum price in USD and convert the p.
  • Platinum mining costs are likely to drive the long-term

    Dec 06, 2012· Platinum mining costs are likely to drive the long-term price moderately higher. 6 Dec 2012 by Jim Fickett. For a significant fraction of platinum mines, market prices below $1500/oz fail to cover cash costs, and below $1700/oz fail to cover cash costs plus capex. The cost increases of recent years were not a temporary aberration.

  • Is It Time To Buy Platinum? Seeking Alpha

    Jul 05, 2017· In fact, it costs more on a per-ounce basis to mine platinum than gold. According to a report issued last September by the South Africa-based

  • The platinum supply shock MINING.COM

    Jun 05, 2014· The average global all-in cost of production (including capital expenditures and indirect overhead costs) is already at about $1,595 per ounce of platinum 10% above the current market price.

  • Top platinum mines keep digging even as price MINING.COM

    Sep 15, 2018· Still, the average so-called basket price of platinum-group metals mined in the country is now about $980 an ounce, just $20 more than marginal production costs, Julius Baer’s Menke said.

  • Live Platinum Price Charts Platinum Price Per Ounce

    Dec 18, 2020· Platinum Spot Prices Platinum Price Spot Change; Platinum Price Per Ounce: $1,047.00 ($6.10) Platinum Price Per Gram: $33.66 ($0.20) Platinum Price Per Kilo: $33,661.81 ($196.12) Live Metal Spot Prices (24 Hours) Last Updated: 12/18/2020 5:00:00 PM ET

  • What is the difference between an ounce and a troy ounce?When looking at the Platinum price chart, you will discover an ounce is not a "regular" ounce. Typically, when Americans refer to ounces, they are.Do Platinum prices change based on where I live? Is Platinum traded around the clock?Platinum is traded at the same price per ounce, in U.S. dollars, no matter where in the world. While Platinum is traded in U.S. dollars, the price.What is the Bid Platinum price per ounce?The bid Platinum price per ounce today is the highest current market offer to sell to a dealer. Consumers can expect to receive the bid price when.Why should I invest in Platinum with today's metal prices?Many investors see Precious Metals as a way to balance their portfolio because they hold value when other investments falter, resulting in investor.What is the Ask Platinum price per ounce?The Ask Platinum price per ounce is the current minimum price for a dealer to sell in the market. Dealers will offer to sell Platinum to you for th.What does the Spread mean for Platinum Precious Metals prices?The Spread is the difference between the Ask price and the Bid price. This spread is also referred to as the bid-ask spread and represents the deal.Ready to sell your Platinum?Interested in selling your Platinum? APMEX offers you an easy and fast way to sell your Platinum bars or Platinum coins online. Learn how to sell.How to Buy PlatinumFirst, decide what kind of Platinum you’re interested in buying. There are several types of Platinum, ranging from scrap to bullion products. Secon.What is the Price of Platinum?Today’s spot price of Platinum, like all days, is constantly changing according to supply and demand, market conditions, geopolitical forces and ma.
  • Platinum Price Today Price of Platinum Per Ounce 24

    Live 24-hour Platinum Price Spot Chart from New York, London, Hong Kong and Sydney. Platinum Prices Updated Every Minute.

  • Top platinum mines keep digging even as price MINING.COM

    Sep 15, 2018· Still, the average so-called basket price of platinum-group metals mined in the country is now about $980 an ounce, just $20 more than marginal production costs, Julius Baer’s Menke said.

  • Platinum spot price, Live, Historical: Platinum Price

    Since 2011, the stock level of platinum decreased as mining supplies fell and recycling rates slowed down. Since 2015, platinum's daily benchmark in London (LBMA is a center of the world's bullion market) fell below the price of gold per ounce and has remained there since.

  • Live Platinum Price Charts Platinum Price Per Ounce

    Dec 18, 2020· Platinum Spot Prices Platinum Price Spot Change; Platinum Price Per Ounce: $1,047.00 ($6.10) Platinum Price Per Gram: $33.66 ($0.20) Platinum Price Per Kilo: $33,661.81 ($196.12) Live Metal Spot Prices (24 Hours) Last Updated: 12/18/2020 5:00:00 PM ET

  • Platinum Price Per Ounce Platinum Spot Price Today

    Platinum Spot Price and the Price of Platinum per Ounce. The tools and platinum price charts on this page are designed to allow you to determine the platinum price at a glance. You can find 24-hour price trends, as well as an interactive price chart that will allow you to view platinum prices in the past.

  • Platinum Price per Ounce GOLD.co.uk

    Registered Office Floor 16, Centre City Tower, 7 Hill Street, Birmingham, B5 4UA. Registered in England No. 06758398 VAT No 941 5123 47

  • Platinum Price Today Price of Platinum Per Ounce 24

    Live 24-hour Platinum Price Spot Chart from New York, London, Hong Kong and Sydney. Platinum Prices Updated Every Minute.

  • Platinum Price Today in USD Platinum Spot Price & Chart

    Dec 18, 2020· are the platinum prices per ounce the same around the globe? One troy ounce of platinum is the same around the world and for larger transaction are usually priced in U.S. dollars as that is the most active market; however, the value of an ounce of platinum can be higher or lower based on the value of a nation’s currency.

  • Platinum Bullion Price Charts 10 Year Historical

    The Platinum price charts above feature Monex Spot Prices per ounce, which represent the midpoint between Monex bid and ask prices per ounce, for pure .9995 fine Platinum Bullion. Note that the 3-Month Live chart incorporates the latest Platinum Bullion price for the current trading day, while the 6-Month Candlestick, 1-Year Close, 5-Year Close

  • How Much Platinum is in the World? SD Bullion

    There has been approximately 3.7 million oz of platinum coins minted and struck since 1983. Source. Then there is also a tiny, almost minuscule pile of about 170,000 oz of platinum bullion, sitting in ironically the most critical determinant of platinum spot prices day to day via the NYMEX platinum price discovery mechanism.

  • Platinum versus Gold: Both precious metals but which is

    Jul 24, 2020· As of July 20, 2020, gold was trading at $1,851 an ounce compared with $957.40 an ounce for platinum. On May 19, 2008, platinum traded to a modern-day high of $2,182 per ounce. Since January 2015, gold has consistently traded at a premium to platinum.

  • Platinum Statistics & Facts Statista

    Sep 22, 2020· For instance, platinum's average value in 2019 was 868 U.S. dollars per troy ounce, while the average price of gold in that year was some 1,393 U.S. dollars per troy ounce.

  • This Coming Development Could Trash The Platinum Cost Curve

    A move that caused an 11% fall in the rand against the dollar since March 26 — and has potentially deflated the U.S. dollar cost base for South Africa’s platinum miners. Platinum. And now, it looks like an even more disruptive wave may be breaking on the platinum sector.

  • Is Gold Pricey Relative To Platinum? CME Group

    Sep 15, 2015· What’s more is that platinum costs far more to produce than gold. In 2014, the cash cost of producing platinum was $1,209 troy ounce. That is about 20% above the current price! This implies that platinum mining production might continue

  • Platinum Price in South African Rand South Africa

    The platinum price displayed above is updated every minute. The data is retrieved continuously 24 hours a day, 5 days a week from the main marketplaces (LBMA, NYMEX, GLOBEX, HONG KONG). The "spot" price is the reference price of one troy ounce, the official unit of measurement on the professional market for spot transactions.

  • Spot Price Chart Platinum Provident Metals

    Sep 13, 2019· Platinum is far more rare than gold; as such, factors affecting the mining process of precious metals will have a much more significant influence on the price of platinum than gold. Estimates indicate the world supply of platinum is between 6-20% of the gold supply; this substantial difference causes platinum prices to experience more volatility.

  • Platinum spot price, Live, Historical: Platinum Price

    Feb 20, 2016· Since 2011, the stock level of platinum decreased as mining supplies fell and recycling rates slowed down. Since 2015, platinum's daily benchmark in London (LBMA is a center of the world's bullion market) fell below the price of gold per ounce and has remained there since.

  • Platinum Price per Ounce GOLD.co.uk

    Registered Office Floor 16, Centre City Tower, 7 Hill Street, Birmingham, B5 4UA. Registered in England No. 06758398 VAT No 941 5123 47

  • Platinum Price Today in USD Platinum Spot Price & Chart

    Dec 18, 2020· are the platinum prices per ounce the same around the globe? One troy ounce of platinum is the same around the world and for larger transaction are usually priced in U.S. dollars as that is the most active market; however, the value of an ounce of platinum can be higher or lower based on the value of a nation’s currency.

  • Platinum Statistics & Facts Statista

    Sep 22, 2020· For instance, platinum's average value in 2019 was 868 U.S. dollars per troy ounce, while the average price of gold in that year was some 1,393 U.S. dollars per troy ounce.

  • Lowest Cost Gold Mines in the World for First Quarter 2019

    Jul 29, 2019· Due to higher production costs, mining companies need to operate efficiently. In 2019, the average all-in sustaining costs (AISC) of mining for gold rose to $1,000 per ounce from $988 per ounce in the last quarter of 2018. Indications are that the major mining companies can control their cost of production and keep their operations cost-efficient.