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Commodities Briefing - Categorized | Bullion/Gold, Metals and Minerals more

Platinum looking at a bright future?

Posted on 15 August 2014

Northam Platinum Ltd. plans to position itself as one of the world’s largest producers as it forecasts an increase in prices of the metal by 2018. Northam, owner of the deepest platinum mine, targets production of more than 1 million ounces of platinum-group metals by 2020 through acquisitions and expansion, the Johannesburg-based company said in a statement today. It sold 396,417 ounces in the year through June.
The average basket price Northam received for platinum-group metals, which include palladium and rhodium, declined 6.1% to $1,198 an ounce from a year earlier, it said………………………………………..Full Article: Source


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