Platinum gains on prediction of supply deficit
by Elaine Frei

The price of platinum saw its biggest one-day gain in six months on Wednesday after a prediction by Johnson Matthey (LSE: JMAT) that the metal, used in the manufacture of pollution control devices as well as in jewelry, would see its biggest gap between demand and supply in four years.
January platinum added $33.80 in New York to $1,446.10 per troy ounce.
Also contributing to the price gains for platinum and other precious metals was another weak day for the US dollar.
December gold gained $15.30 to $814.30 per troy ounce, while December silver was up 46 cents to $15.07 per troy ounce.
Add to Bookmarks:
Related posts to: Platinum gains on prediction of supply deficit
Zinc gains 1.8 percent on prediction ...
Base metals mixed on supply, demand predicitions ...
Tin prices could rise due to supply deficit ...
Accident damage to S.A. smelter sends platinum higher ...
Copper up on strikes, low inventories ...
Latest Metals News:
Copper losses pull other metals prices lower
Xstrata increases stake in Indophil
BHP fatality closes Australian iron ore mines
Palladium gains as other precious metals see declines
EU halts investigations into BHP’s bid for Rio
Aluminium falls amid gains for other base metals
Lomin rejects Xstrata bid but leaves door ajar
Metals drop with crude oil prices
Antofagasta forges ahead despite rising costs
Copper prices lower on jump in inventoriesPrevious: « Etruscan focuses on African development
Next: Copper prices up on Chile earthquake »
Visited 1083 times, 4 so far today