Platinum Set to Advance in 2013: Morgan Stanley

Bloomberg reported that Morgan Stanley said platinum may see gains in 2013 due to tightened supply as Anglo American Platinum seeks to cut production.

As quoted in the market news:

The platinum market will see a “negligible” surplus in 2013 after production cuts by Anglo American Platinum Ltd. (AMS), the world’s biggest producer, according to Morgan Stanley. Prices may average $1,700 an ounce in the first quarter and $1,710 in the second quarter, the bank said.

Click here to read the full Bloomberg report.