How to Profit from the Platinum Shortage
Posted June 6, 2008
“At the same time supplies are dwindling, demand is taking off. Let’s do the math: Supplies are down 4% and demand is up 8%.” — Sally Limantour
by Sally Limantour
Baltimore – (TFN): Power shortages, strikes and soaring input costs have killed the production of platinum.
At the same time supplies are dwindling, demand is taking off. Let’s do the math: Supplies are down 4% and demand is up 8%. And this situation has been building. We are in the seventh year where demand has outstripped supply (373 metric tons per year), and with 2.5 billion new friends in China and India this equation will get even tighter. They want to be mobile, and they need cars.
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Platinum, called the “anti-smog” metal, is used in the catalytic converter on cars and trucks. As demand for cars goes up, so, too, does the demand for platinum.
It is also integral to fuel cells technology and used in the electronics and the medical field. Read on to learn how you can profit from the platinum shortage.
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