Platinum Climbs to Record in Asia on Concern Supply May Fall

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Platinum Climbs to Record in Asia on Concern Supply May Fall

posted on Oct 18, 2007 06:21PM

By Aya Takada

Oct. 19 (Bloomberg) -- Platinum rose to a record in Asia after Anglo Platinum Ltd., the world's largest producer, was ordered by the South African government to shut shafts at its largest mine, adding to concerns supply may fall short of demand.

Platinum for immediate delivery rose by as much as 0.3 percent to $1,455.50 an ounce, before trading at $1,454.50 as of 9:24 a.m. in Tokyo.

To contact the reporter on this story: Aya Takada in Tokyo atakada2@bloomberg.net