PRECIOUS METALS

Return of the platinum panda

Coin returns to range

Staff reporter
 The 30g 2022 platinum bullion Panda coin

The 30g 2022 platinum bullion Panda coin

The People's Bank of China had authorised a set of Panda precious metal coins, the flagship products of the Chinese sovereign mint, in celebration of the iconic Panda series' 40th anniversary on October 20, the WPIC said.

"The range includes the first platinum Pandas to be released since 2005," it said.

The coins would be struck in 99.95% pure platinum and would be available in either a 30g or 1g size, with a face value of 1,000 Yuan and 30 Yuan respectively.

This compared with the 30g and 1g 2022 gold bullion Pandas, which had a face value of 500 Yuan and 10 Yuan, the council said.

It said 10% of the volume would be available outside China and the platinum coins could become a more regular feature in the Panda series if ongoing demand allowed.

The platinum price has slid from a peak of US$1305 an ounce in February to about $1,055/oz on the spot market.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.