(AMM) North American Palladium eyes January mine restart

NEW YORK 09 June 2009 18:18

North American Palladium Ltd. will reopen its Lac des Iles Mine in Thunder Bay, Ontario, when palladium reaches a sustainable price of about $300 per troy ounce?a once-elusive goal that is now almost within reach, the company said.

Palladium averaged $191.82 per troy ounce in October, just one-third of the metal's 2008 peak, when the Toronto-based precious metals producer placed its then-sole mine on care and maintenance. Prices have since seen the first signs of recovery, and September-delivery palladium closed Monday at $252 per troy ounce, the third-highest close this year, due to safe-haven buying, Chinese demand and wider gains in metal prices.

With...

You are currently only viewing a sample of a 531 word article. To view the full article you must be a subscriber to Metal Bulletin or sign-up to a free trial to the Metal Bulletin website

Not a subscriber? Register for your FREE Metal Bulletin seven day trial now

As a subscriber you will receive:

Access to the Metal Bulletin website, with live news and the latest iron & steel, non-ferrous and scrap metals prices - plus access to archive news and prices data.
Daily emails every working day of the year giving you the latest market-moving news along with our own reference prices and exchange-traded quotations;
A weekly hard copy magazine featuring news, reports, metal prices, analysis and comments;
Plus much more.

Quite simply, no other information service can offer you the same frequency, breadth and depth of steel and metals market intelligence as Metal Bulletin - subscribe now and become one of the continually better informed.

Already a subscriber?

If you are an existing Metal Bulletin subscriber please enter your username and password to continue.

If you are experiencing any difficulty please call +44(0) 20 7779 7390 or email help@metalbulletin.com.

(AMM) North American Palladium eyes January mine restart

Not a subscriber? Register for your FREE Metal Bulletin seven day trial now

As a subscriber you will receive:

Already a subscriber?

If you do not know your login or password please click on the "Forgot Password?" link above or contact customer services at (0)20 7779 7390.

Non-Ferrous Prices

Iron & Steel Prices

Scrap Prices

Email Newsroom