Platinum Rises for Seventh Gross Surplus

Mining Weekly reported platinum registered its seventh consecutive gross surplus in 2011 and was likely to experience a similar outcome in 2012.

As quoted in the market news:

In the ninth edition of its ‘Platinum & Palladium Survey’ launched in London and Johannesburg on Thursday, the consultancy forecast platinum would trade in the range of $1 475/oz to $1 775/oz over the remainder of the year.

Click here to read the full Mining Weekly report.