Economics
Platinum to Stabilize at ‘Comfortable’ $1,800, Anglo Says
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Platinum prices will stabilize at current levels as increasing output and slowing jewelry demand offset brisk industrial use and investment, according to Anglo Platinum Ltd., the world’s largest producer of the metal.
“Growth in demand will be matched by the growth in supply, which is a positive situation and healthy when they happen,” Sandy Wood, the head of the commercial unit, said in an interview in Tokyo yesterday. Anglo American Plc. controls the Johannesburg-based company.