19.11.2008 - Platinum jewelry demand to rise in Asia
From Bloomberg: Platinum demand for jewelry in China and Japan, the two largest consumers, will probably rise next year regardless of a global recession after prices fell from a record and as metal recycling declines, Johnson Matthey Plc said. Platinum jewelry demand in China will drop 22 percent to 610,000 ounces this year, the lowest in a decade, Johnson Matthey said in a report. Demand in Japan will shrink 78 percent to 40,000 ounces this year, the lowest in at least 10 years, after soaring prices discouraged buying from consumers and spurred them to sell the metal, Johnson Matthey said..... Full Article: Source
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