News about platinum

Largo reported Q3 2026 V₂O₅ production of 2,093 tonnes, down from 2,636 tonnes a year earlier as it reduced inventories and focused on higher-margin products, while sales held steady at 2,428 tonnes. Year-to-date production of 7,609 tonnes was up 23%. The company recorded its first production of copper (108 tonnes), gold (289 ounces), platinum (166 ounces) and palladium (291 ounces) as by-products of its vanadium operations. Largo maintained its V₂O₅ sales guidance of 7,500–9,500 MT but lowered production guidance to 9,500–10,500 MT from 10,500–12,000 MT. It also executed a restructuring agreement with Banco Santander (Brasil), bringing agreements to cover approximately 58.4% of its commercial bank senior debt.

The gold-platinum relationship was once a reliable stock-market signal. The article asks whether artificial-intelligence spending has caused that link to short-circuit, while the Fed also faces a major question today.

The article says the gold-platinum ratio has one of the best historical track records for predicting the stock market's return over the following 12 months.