IIR Industry Alert: Global Platinum Shortage Sees Production Surge and Palladium Sidelined

    HOUSTON--July 10, 2002--Researched by Industrialinfo.com (Industrial Information Resources Inc.; Houston). After peaking at $1094 an ounce and then falling to around $400 an ounce in the last 12 months, platinum seems now to be on an upward trend moving up to and near the $550 mark. Angloplat (Anglo American Platinum) (JSE) (Johannesburg), along with other producers, plans to boost production by 1.5 million ounces by 2006 bringing the company's total output to 3.5 million ounces by 2006. This is in response from surging demand from automakers.
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