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Platinum miners realize that their metal is money
Maybe gold miners will figure it out for their own metal eventually as well.
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Platinum Producers Launch Trade Body to Attract Asset Investors
By Arthur England
Financial Times, London
Tuesday, November 18, 2014
JOHANNESBURG, South Africa -- The world's top platinum producers have joined forces to launch an industry promotional body on Tuesday in an effort to increase demand for the precious metal as an investment asset.
The World Platinum Investment Council will be based in London and funded by Anglo American Platinum, Impala, Lonmin, and three smaller mining companies.
The launch comes at a time when the industry is grappling with rising costs and a weak price environment, which is in part blamed on oversupply in the market coupled with increased recycling. ...
... For the remainder of the report:
http://www.ft.com/intl/cms/s/0/cb2a1b7e-6e44-11e4-bffb-00144feabdc0.html...
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