Platinum Prices Well Above Gold
According to several presentations given at the Mining Indaba being held in Cape Town the outlook for commodities is good. Many presenters and annalists feel that Platinum will out shine gold over the next few years.
The risks for the platinum price are to the upside according to Stephen Forrest, MD of consulting firm SFA Oxford. Forrest predicted a long term price scenario for platinum ranging between $1,350 and $1,550 because of forecast shortfalls in platinum supply which would be at their worst between 2009 and 2011.
The main reason for the likely shortfalls was supply problems from the South African mines because of safety issues and Eskom’s power crisis More on Platinum