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Platinum Could Benefit from Eskom’s Electricity Shortage
Jan. 13, 2014 12:29PM PST
Precious Metals Investing
Kitco News reported that the fact that Eskom Holdings Ltd., South Africa’s main utility company, is preparing to operate on “an usually tight reserve margin of 1,000 megawatts” for the next few months may end up being bullish for platinum prices.
Kitco News reported that the fact that Eskom Holdings Ltd., South Africa’s main utility company, is preparing to operate on “an usually tight reserve margin of 1,000 megawatts” for the next few months may end up being bullish for platinum prices.
As quoted in the market news:
‘The PGMs will be on alert this week after South African power producer Eskom announced last Thursday power supply could be tight in the coming days just when most mining operations return to full operating capacity,’ said a research note from Morgan Stanley.