China Lifting Platinum Demand to 2-Year High

IBTimes reported rising Chinese purchases of platinum jewelry will boost global demand for the metal to a two-year high in 2011.

As quoted in the market news:

Johnson Matthey Plc, which refines, markets, distributes and recycles platinum group metals, forecast gross global platinum demand for jewelry climbing by two percent this year, or 2.47 million ounces, because of demand in China, the world’s largest market for platinum jewelry.

Click here to read the full IBTimes report.