The price of platinum rocketed to record levels yesterday as a result of the electricity crisis and energy quotas imposed on mines last week. The price nearly reached $1800 an ounce as interna-tional demand for the precious metal outstripped supply. Economist at Econometrix Russel Lamberti said: "We supply 75 percent of the world's platinum and the situation of the past two weeks has created a huge demand. - Zweli Mokgata
The price of platinum rocketed to record levels yesterday as a result of the electricity crisis and energy quotas imposed on mines last week. The price nearly reached $1800 an ounce as interna-tional demand for the precious metal outstripped supply. Economist at Econometrix Russel Lamberti said: "We supply 75 percent of the world's platinum and the situation of the past two weeks has created a huge demand. - Zweli Mokgata