Platinum to Rise on South African Mining Rules, JPMorgan Says
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Platinum and palladium will rise on concern about implementing changes to mining rules in South Africa, said Ian Henderson, who manages about $7 billion in natural-resource assets at JPMorgan Chase & Co.
“We’ve been long platinum for a long time,” he said today in an interview in London, referring to a bet on higher prices. “It’s not a gem today, but a gem tomorrow.”