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Reuters UK reported Best Asset Class said current low valuations added to the case for investing in platinum as global demand increases.
Reuters UK reported Best Asset Class said current low valuations added to the case for investing in platinum as global demand increases.
As quoted in the market news:
Bernard Loriol, who founded the firm in 2004 to invest in platinum equities and Africa’s natural resources, said weaker metal prices and pressure on company margins meant it had lost about 30 percent of its outstanding units, equal to $11 million (7 million pound), since mid-June and now managed $35 million.