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IBTimes reported platinum group metals were up on Wednesday, with platinum rising again due to short supply.
IBTimes reported platinum group metals were up on Wednesday, with platinum rising again due to short supply.
As quoted in the market news:
Platinum closed higher today and also seems to be on a run. In fact … yesterday it had its strongest closing in a month. Since Dec. 29 it’s up nearly 10 percent. One of the things lifting the price of platinum is a shortage of supply. South Africa … which is a major platinum producer … is having trouble getting enough electricity to the nation’s platinum mines. The main utility in South Africa is even warning that electricity supply could be tight for several more years. That’s expected to keep platinum production limited and … therefore … the price strong.
Click here to read and watch the full IBTimes report.