{"id":13900,"date":"2012-08-25T15:13:52","date_gmt":"2012-08-25T13:13:52","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/update-1-platinum-prices-could-rise-in-2013-on-limited-supply\/"},"modified":"2012-08-25T15:13:52","modified_gmt":"2012-08-25T13:13:52","slug":"update-1-platinum-prices-could-rise-in-2013-on-limited-supply","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-platinum-prices-could-rise-in-2013-on-limited-supply\/","title":{"rendered":"UPDATE 1-Platinum prices could rise in 2013 on limited supply"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Adds quotes from other analyst, details)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>By Siddesh Mayenkar<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">HYDERABAD, India<\/span> Aug 25 (Reuters) &#8211; Prices of platinum<br \/>\ncould rise in 2013 as markets digest limited supply from major<br \/>\nproducer South Africa, analysts said at an industry conference<br \/>\non Saturday, with platinum trading at a premium over gold.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa accounts for 80 percent of platinum supply and<br \/>\nits producers have seen output fall sharply over the last year<br \/>\nbecause of industrial action and a flurry of government-imposed<br \/>\nsafety stoppages, sending prices to their highest level in more<br \/>\nthan three months.<\/p>\n<p><span><\/span><\/p>\n<p>Major producers may start shutting down mines on high labour<br \/>\nand energy costs, Jeremy East, global head of metals trading<br \/>\nwith Standard Chartered Bank, said on the sidelines of the India<br \/>\nInternational Gold Convention.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Fundamentally we are bullish on platinum as we feel South<br \/>\nAfrican mines will have to start closing production&#8230; so supply<br \/>\nwill be reduced and market will be more balanced,&#8221; East said.<\/p>\n<p><span><\/span><\/p>\n<p>Gold prices could climb to $1,750 an ounce, up 5 percent<br \/>\nfrom current levels, by December on euro zone concerns and<br \/>\nexpected stimulus plans, East said.<\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>PREMIUM TO GOLD<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Adds quotes from other analyst, details) By Siddesh Mayenkar HYDERABAD, India Aug 25 (Reuters) &#8211; Prices of platinum could rise in 2013 as markets digest limited supply from major producer South Africa, analysts said at an industry conference on Saturday, with platinum trading at a premium over gold. South Africa accounts for 80 percent of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13900","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13900"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13900\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}