29
July
Platinum May Rise to $1,500 on Supply Disruptions, Merrill Says
29 July 2009 Bloomberg.com
Platinum prices may climb above $1,500 an ounce “in the next couple of years” as demand recovers amid supply constraints in South Africa, the world’s biggest producer, according to Banc of America Securities- Merrill Lynch.
The metal has rebounded 28 percent this year, outpacing silver and gold, as signs of an economic rebound spurred demand. Platinum declined 39 percent last year, the steepest loss since at least 1988.
http://www.bloomberg.com/apps/news?pid=20601012&sid=aAvPrV3mh0Vw
