Reuters reports that the global economic recovery has stimulated demand for platinum worldwide, prompting higher profits for Angloplat (JSE:AMSJ.J). The article is quoted as saying: Angloplat…said it plans to increase output to 2.6 million ounces this year, up from an initial target of 2.5 million ounces. To read the full article, click here.
Investor Resource.com reports that increased global demand for Platinum will bring balance in 2011.
Resource Investor.com reports that Johnson Matthey has published their 2010 interim review on Platinum- and have indicated positive forecasting for price, supply and demand- but the industry will not be without its' pitfalls
Moneycontrol.com reports that demand for Platinum in India is expected to increase, driven by the auto and jewellery sectors
The Daily Times.com reports that Japanese need for Platinum has increased 10% in 2010, driven by increased demands in the auto and glass sectors.
Mining review.com reports that South African platinum production surged in September.
While platinum remains below its 2007 peak, it may be a better investment than gold.
Platinum prices hovered around US$1,530 per ounce again Monday. Stuck between US$1,500 and US$1,600 since mid-May, analysts are predicting demand for platinum – used in everything from cars, to computers and cell phones – could be heating up and prices could be on the rise.
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