You are here

Formerly lacklustre platinum finally outperforming

In South Africa, which accounts for more than 70 per cent of global supply of platinum, an improving economic outlook has spurred a rally in the rand against the US dollar, which raises the relative costs of producing the metal.

New York 

AFTER lagging behind other precious metals last year, platinum is finally outperforming, and hedge funds are taking notice.

Money managers increased their bets on a rally for platinum, a commodity used in pollution-control devices for cars. Investors had been pessimistic...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to