Platinum prices are expected to increase by almost US$50 (about $250) an ounce within a few months as demand for the metal continues to increase. The price, currently at US$358 an ounce, is expected to hit the US$400 mark.
Demand is likely to be accelerated towards the end of the year when legislation in the European Community will require that all new cars be fitted with more environmentally friendly catalysts for exhausts.
This is expected to raise consumption of platinum to about 800 000 ounces from last year’s 490 000 ounces.
Japan could also be another major consumer as there are reports that young Japanese buyers prefer platinum to the traditional diamond encrusted rings.
(38 VIEWS)
My first long-form article in booklet form: Why I had a girlfriend two months after…
The editor and publisher of The Insider, Charles Rukuni, has started a whatsapp channel through…
A friend who knows about my legal battle with Zimbabwe’s richest man, Strive Masiyiwa, way…
Britain says amendment of the Zimbabwe constitution is a sovereign, legislative matter for Zimbabwe to…
It is now 47 years since I wrote the short story below for a South…
Zimbabwe has released its 2026 monetary policy statement in which it seeks to stabilise its…