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Tuesday, September 21, 2021
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Gold deliveries increase by 54.57 %Cumulative gold deliveries dropped by 30.48%Zimbabwe is losing USD$1.5 billion annually due to side trading Harare- Zimbabwe’s sole buyer and exporter of bullion, Fidelity Printers and Refineries (FPR) reported an increase in gold deliveries by 54.57% month-on-month in...
Petrol hiked to US$1.34 per litreDiesel remained unchanged in USD terms, but up in local currencyConsecutive upwards monthly price reviews since start of the year HARARE – Fuel prices have been heading upwards in Zimbabwe since the turn of the year and this...
Prolonged deficit since 2012 has seen a price surgeTightening regulations on pollution shifting the favour towards palladiumPalladium traded above gold throughout 2020 The outlook for palladium is rosier, a metal that has seen some recent bullish action in the markets as economists expect...
120 000 ounces producedProduction in full-year was 13% ahead of 2019Global platinum market deficit in 2020 was the largest on record Harare – Refined platinum production from Zimbabwe in the fourth quarter to December 2020 (Q4’20) kept to similar levels to the previous...
Hit US$4,800 per ounce as of March 2High demand amid the move towards 5G technologyOther metals including platinum and rhodium have seen a surge in prices Platinum group metals (PGMs) price rally shows no sign of abating. Even as the outlook favoured a...
Increased to US$674.9 million6E ounces sold increased by 19% to 301 225 ouncesGroup remains optimistic of future prospects despite COVID-19 drawbacks HARARE – Zimbabwe’s largest platinum group metals (PGMs) miner, Zimplats Holdings Limited revenue for the half-year ended 31 December 2020 increased by...
Given the presumptive foreign currency-denominated underlying value of produce, the sector is always swift to react to changes in currency. Gold is a revered mineral in Zimbabwe due to its contribution to the nation’s export receipts as well as the country’s gross...
The weekly forex exchange auction was introduced to reduce the parallel premiumMarred with confidence deficit amid claims of rate manipulationRising parallel premium promotes opportunities for large scale rent seeking activities HARARE – Since November 2017 when President Emmerson Mnangagwa took over the helm...
Prices surged above $1,281.40 an ounceBurgeoning hydrogen economy pushing platinum demand upwardsPlatinum still undervalued vs gold and palladium Platinum prices touched a six-year high last week on Thursday as investor exposure continues to grow amidst global changes in environmental emission policies fronted by...
Up 175% MoMPrices are soaring as regulators are trying to tame pollutionRhodium is about 6% of PGM basket, but now largest revenue contributor HARARE -  Beyond imagination, rhodium has taken investors by surprise. Not only has the platinum group metal (PGM) surpassed gold...