Platinum – NASDAQ reported that South African supply problems are making it likely that platinum will see a strong price increase in the coming weeks; that means it may be a good time to invest in platinum ETFs.
Platinum – Bloomberg reported that in 2012, platinum fell into deficit for the first time since 2004, according to Thomson Reuters GFMS. Consumption of the metal rose 1 percent, hitting 7.19 million ounces, in part due to expanded jewelry demand.
Platinum – Rule explains why investing in PGMs may be better than silver or gold in the near term.
Platinum – Bloomberg reported that platinum went up after the Zimbabwe government said it repossessed 29,948 hectares of land from Zimplats Holdings, fueling supply concerns.
Platinum – Bloomberg reported that Morgan Stanley said platinum may see gains in 2013 due to tightened supply as Anglo American Platinum seeks to cut production.
Platinum – Reuters reported platinum is expected to ramin in a deficit through the next few years, pushing prices higher.
Platinum – Reuters reported Impala Platinum Holdings Limited (JSE:IMP) says the platinum market will remain in short supply through 2012 and for the next few years.
Platinum – Bloomberg reported strikes in South African mean global platinum supplies may fall short of demand this year, according to OAO GMK Norilsk Nickel (LSE:MNOD).
Platinum – Bloomberg reported platinum reached a new high as it outperformed gold on concerns violence in South Africa will curb supply.
Platinum – Reuters reported platinum prices jumped nearly 2 percent on Monday on heavy speculative buying on news of ongoing violence at mines in South Africa.
Get our independent commentary on resource trends and companies delivered to your inbox.
