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.
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