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Platinum is the next profit opportunity in China’s commodity boom

Posted on 14 February 2013

Over the last month, I’ve shown you how China’s economy has seen a resurgence in commodities imports like copper, iron ore, uranium, and coal. China is the largest importer of industrial commodities in the world… So when its demand picks up, it’s bullish for the sector.
Platinum is a “dual purpose” metal. It’s used in jewelry… and it’s considered a “store of wealth,” so it serves as a precious metal like gold. But it’s also an industrial metal. It is used to make catalytic converters – which reduce a vehicle’s pollutants – and as a catalyst for refining gasoline and diesel fuel. Those two sectors account for 57% of the platinum produced per year. And demand is soaring………………………………………….Full Article: Source


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VRS - who has written 41254 posts on Opalesque Commodities Briefing.


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