Optimism over platinum

PLATINUM prices could top recent 14-month highs to hit $1550 an ounce in the next six months if investment demand adds to a recovery in car sales, Johnson Matthey said, updating its 2009 report yesterday.

PLATINUM prices could top recent 14-month highs to hit $1550 an ounce in the next six months if investment demand adds to a recovery in car sales, Johnson Matthey said, updating its 2009 report yesterday.

The market could move into a modest deficit during 2010 if mine supply fails to keep up with hopes for a bigger recovery in demand from carmakers, it said. - Reuters

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