| An industry body to promote investment demand for platinum should be set for launch late this year or early 2015 as South African producers try to boost sales in the face of falling prices, industry and banking sources said. The new body, called the World Platinum Investment Council, will most likely be based in London or Johannesburg, the sources said.
“This is a collaborative industry initiative. The aim is to promote investment into platinum,” said a source at a producer, who declined to be named. The source said the world's top platinum producers Anglo American Platinum and Impala Platinum were heavily involved but several of the smaller companies in the sector were also taking part in the discussions and would likely sign up and help finance it...............................................Full Article: Source
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