Russia, 1916

DSQ

1916: 1 Troy Oz. Platinum (Ru, Export Avg.) = USD$ 68.90

June? 1916: 1 Ozt. Platinum (Ru, Export Avg.) = USD$ 68.90

June, 1916: 1 Ozt. platina (Ru Export: 83% Ore @ .999) = руб 435.45 ($ 39.14)

June, 1916: 1 Troy Oz. Pt (Ural Spot: .999) = руб 435.45 ($ )

June, 1916: 1 Troy Oz. Platinum (NYC: Ingot, .999) =  руб 256.16 ($ 78.13)

January 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 204.83 ($ 61.10)
January 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 246.78 ($ 73.61)

February 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 203.13 ($ 62.625)
February 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 244.74 ($ 75.45)

March 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 198.89 ($ 63.15)
March 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 239.62 ($ 76.08)

April 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 205.48 ($ 63.70)
April 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 247.57 ($ 76.75)

May 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 214.37 ($ 65.92)
May 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 258.28 ($ 79.42)

June 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 209.23 ($ 63.92)
June 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 252.09 ($ 77.01)

July 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 209.16 ($ 63.92)
July 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 252.0 ($ 77.01)

August 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 207.17 ($ 66.45)
August 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 249.60 ($ 80.06)

September 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 204.46 ($ 66.45)
September 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 246.34 ($ 80.06)

October 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 228.97 ($ 71.44)
October 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 275.87 ($ 86.07)

November 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 267.53 ($ 80.59)
November 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 322.33 ($ 97.10)

December 1916: 1 Troy Oz. platina (Ural: 83% Ore) =  руб 232.23 ($ 69.15)

December 1916: 1 Troy Oz. Pt (Ural: Ingot, .999) =  руб 279.80 ($ 83.31)


As reported 7/1916:

Citation: The Americas, Vol. 2 No. 12; National City Bank of New York












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France, 1916

En mars 1915, il fut dejà de 8,950 fr. le kilogramme, en janvier de 1916 de 10,000 fr. Le prix actuel du platine à Paris s'élève à 16,000 fr. le kilogramme. Les prix très élevés du platine ont attiré vers l'Oural les syndicats métallurgiques anglais et ...



January, 1916: 1 Troy Ounce Platinum (ingot, mkt) =  Fr. 311.04


1915/6: 1 Troy Ounce Platinum (ingot, mkt) = Fr 270.61 - 311.04
1916: 1 Troy Ounce Platinum (ingot, mkt) = ℳ 264.39 - 388.80
 
Citation: Enzyklopädie der technischen chemie: Unter mitwirkung von fachgenossen, Vol. 9 ; Fritz Ullmann p.179
 

Italy, 1916

From 1912 - 1916, the inflation rate of London 'official Platinum Price' was 52.63%.  The New York Platinum Price rose 97.5%.  Ettore Mollinari (or the translator of the 1919 4th Edition) suggests the actual Italian Platinum Price inflation-rate was 232.4% .

In 1912, the Lire/Sterling exchange was ₤ 23.83 : £ 1. (₤ 1. : £ 0.03871) and January 1917, the Lire/Sterling exchange was ₤ 32.78 : £ 1. (₤ 1. : £ 0.03051), so the Lire inflation rate of London Platinum should have been ~ 93.7%.

1912: 1 Troy Ounce Platinum (@ London, refined ingot?) = £ 9.50 (₤ 245.4)  
1916: 1 Troy Ounce Platinum (@ London, refined ingot?) = £ 14.50 (₤ 475.3)

1916: 1 Troy Ounce Platinum (Genoa Price) ~ £ 24.88 (₤ 816.)

Citation: Treatise on general and industrial inorganic chemistry, Vol. 1 ; Ettore Molinari, Thomas Henry Pope p.853


From 1912 to March 1916, Copper ingot @ Genoa rose 142% ; the equivalent price increase @ NYC was 125.72%.  From the 1912 base Price/Exchange, the equivalent price increase @ Genoa was 238.8% and @ NYC 195.4%.

1912: Base Price per Metric Centner of Copper in Ingots
100 kgs @ Genoa:  ₤ 185.96 (USD$ 35.89) ; @New York: USD$ 33.10  (₤ 171.49)

March, 1916: 3/1916 Price per Metric Centner of Copper in Ingots
100 kgs @ Genoa: ₤ 450. (USD$ 69.21) ; @New York: USD$ 59.54 (₤ 387.09)

Assuming the Lire/USD exchange (1912: ₤ 1. = $ 0.193; March 1916: ₤ 1. = $ 0.1538;
December 1916: ₤ 1. = $ 0.1502)

1912: 1 Troy Ounce Platinum (NY Ingot Price) = USD$ 45.50 (₤ 235.75) 
March, 1916: 1 Troy Oz. Platinum (NY Ingot Price) = USD$ 90.75 (₤ 590.)
December, 1916: 1 Troy Oz. Platinum (NY Ingot Price) = USD$ 86.87 (₤ 578.4)



1916: Depreciation of the lire and inflation of imports in lire



July 1916 - July 1917:


Foreign Exchange in NYC: Lire in USD$


Foreign Exchange on the Swiss Franc




January 1917: Lire on London

Germany, 1916

1916: 1 Troy Ounce Platinum (ingot, mkt) = ℳ 264.39 - 388.80

Citation: Enzyklopädie der technischen chemie: Unter mitwirkung von fachgenossen, Vol. 9 ; Fritz Ullmann p.179

UK, 1910 -1924: Osmium in Tasmania

1910- 1924: Iridosmine (Osmium-Iridium) in Tasmania, Australia

Assay, c.1913:

1912:
 


June 1910: 1 Troy Oz. Osmiridium (Tasmania) = £ 4.417

March-June, 1910:



See also: Official Year Book of the Commonwealth of Australia, Issue 27; Issue 1934 p.451

1910: 1 Troy Oz. Osmiridium (Tasmania) = £ 4.33

1911: 1 Troy Oz. Osmiridium (Tasmania) = £ 4.384
1911: 1 Troy Oz. Osmiridium (High, Mkt) = £ 7.50

1912: 1 Troy Oz. Osmiridium (Mkt) = £ 7.371

1913: 1 Troy Oz. Osmiridium (Mkt) = £ 9.53
1914: 1 Troy Oz. Osmiridium (Tasmania) = £ 5.675
1914: 1 Troy Oz. Osmiridium (Mkt) = £ 9.89
1915: 1 Troy Oz. Osmiridium (Tasmania) = £ 6.40

1916: 1 Troy Oz. Osmiridium (Tasmania) = £ 8.55
1917: 1 Troy Oz. Osmiridium (Tasmania) = £ 11.
1917: 1 Troy Oz. Osmiridium (Mkt) = £ 14.75
1917: 1 Troy Oz. Osmiridium (Mkt) = £ 18.50
1917: 1 Troy Oz. Osmiridium (Best Quality) = £ 22.50

1918: 1 Troy Oz. Osmiridium (Tasmania) = £ 7.90
1918: 1 Troy Oz. Osmiridium (Local High) = £ 14. - 15.
1918: 1 Troy Oz. Osmiridium (Mkt or avg?) = £ 27.90
1918: 1 Troy Oz. Osmiridium (Local High) = £ 37.25

1918: 1 Troy Oz. Osmiridium (Mkt) = £ 40.
1919: 1 Troy Oz. Osmiridium (Local High) = £ 33.

UK, 1916: Platinum & Palladium

-1916: 1 Troy Ounce Platinum (UK Govt: Buy) = £ 10. (USD$ 47.6 - 49.3)

-1916: 1 Troy Ounce Platinum (UK Govt: Sell) = £ 11. (USD$ 52.36 - 54.23)

Citation: Mineral resources of the United States, 1917 (1921) Part 1 p.17

November, 1916: 1 Troy Ounce Platinum (UK Govt) = £ 10.50 (USD$ 50.)December, 1916: 1 Troy Ounce Platinum (UK Govt) = £ 14.50 (USD$ 69.2)

Citation: The Journal of Industrial and Engineering Chemistry, Vol. 10 American Chemical Society


1916: 1 Troy Ounce Platinum = £ 10. - 14.50

Citation: The Platinum Metals ; Arthur Douglas Lumb (1921) p.16



Wartime price controls in effect.


c.1914: 1 Troy Ounce Palladium = £ 6.22 (USD$ 30.66)

1916: 1 Troy Ounce Palladium = £ 24.88 (USD$ 118.68)
1917: 1 Troy Ounce Palladium = £ 26.44 (USD$ 125.83)

USA, 1916

DSQ

1916: 1 Troy Oz. Platinum (Ru, Export Avg.) = USD$ 68.90
1916: 1 Troy Oz. Platinum (NY Mkt, Avg.) = USD$ 83.90

January, 1916: 1 Ozt. Platinum (NYC: .999 ingot) = USD$ 90.05
February, 1916: 1 Ozt. Platinum (NYC: .999 ingot) = USD$ 90.05
March, 1916: 1 Ozt. Platinum (NYC: .999 ingot) = USD$ 90.75
April, 1916: 1 Ozt. Platinum (NYC: .999 ingot) = USD$ 83.10
...

Citation: Engineering and Mining Journal, Vol. 107 No.2 (1919) p.76


1916: 1 Ozt. Platinum (Mkt) = USD$ 93.30

 

 Imports of PGMs:

USA, 1915-1920: No New York Spot Prior to 1920

1920:


1916:

UK, 1915-18: Palladium Surges in the Great War

-1916: 1 Troy Ounce Platinum (UK Govt: Buy) = £ 10. (USD$ 47.6 - 49.3)
-1916: 1 Troy Ounce Platinum (UK Govt: Sell) = £ 11. (USD$ 52.36 - 54.23)

Citation: Mineral resources of the United States, 1917 (1921) Part 1 p.17

November, 1916: 1 Troy Ounce Platinum (UK Govt) = £ 10.50 (USD$ 50.)December, 1916: 1 Troy Ounce Platinum (UK Govt) = £ 14.50 (USD$ 69.2)

Citation: The Journal of Industrial and Engineering Chemistry, Vol. 10 American Chemical Society



c.1914: 1 Troy Ounce Palladium = £ 6.22 (USD$ 30.66)
1916: 1 Troy Ounce Palladium = £ 24.88 (USD$ 118.68)
1917: 1 Troy Ounce Palladium = £ 26.44 (USD$ 125.83)

Colombia, 1916: Global Price Death Spike

In 1916, Cartagena market prices for platina were higher than US (contract) import prices because of excess (non-contract) European demand. 

1916: 1 Troy Oz. platina (Colombia: avg. exp.) = C$ 61.515 (USD$ 59.87)
1916: 1 Troy Oz. platina (Colombia: intrinsic Pt, 82%) = C$ 75. (USD$ 73.)
1916: 1 Troy Oz. platina (USA: official Colombian import) = USD$ 57.59
1916: 1 Troy Oz. platina (USA: Col. imp., intrinsic) = USD$ 70.23 

Colombian Source, High Price
March 1, 1916: 1 Troy Oz. platina (Cartagena mkt: 82% ore) = C$ 85.
March 1, 1916: 1 Troy Oz. platina (Cartagena: intrinsic) ~ C$ 103.66

March 1, 1916: 1 Troy Oz. platina (Choco mkt: 82% ore) = C$ 35. - 50.
March 1, 1916: 1 Troy Oz. platina (Choco: intrinsic) ~ C$ 42.70 - 61.

February, 1916: 1 Troy Oz. Platinum (NYC: .999 ingot) = USD$ 90.05
March, 1916: 1 Troy Oz. Platinum (NYC: .999 ingot) = USD$ 90.75
April, 1916: 1 Troy Oz. Platinum (NYC: .999 ingot) = USD$ 83.10

Citation: "Colombia: An Industrial & Commercial Handbook" P.T. Bell, Special agents series, Issue 206  US Bureau of Manufactures, 1921









1916: High 'market prices' inconsistent with recorded import prices suggest (lower) pre-existing contract prices.  Presumably, 'small lots' of platina were sold at market to independent dealers ("Italians"?) at disadvantageous rates.

Citation: The National Druggist, Vol. 46 May, 1916 p.36


Citation: The Jewelers' Circular, Vol. 75, Issue 1, (Aug. 1917) p.47