Analysts: Too Soon For Platinum Tumble To Hurt Output, But ‘Something…To Keep An Eye On’

Forbes reported the tumble in platinum prices would probably have to last for some time for any fresh announcements of production cuts to occur.

As quoted in the market news,

Nevertheless some traders and analysts say the situation merits watching in the months ahead, particularly if low prices persist.

If mining companies’ profits are small, they may be less likely to make the capital expenditures necessary to develop future projects, which ultimately would curtail supply and be supportive for the market in the longer term.

Click here to read the full Forbes report.