{"id":13901,"date":"2012-08-25T15:13:53","date_gmt":"2012-08-25T13:13:53","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/platinum-prices-could-rise-in-2013-on-limited-supply-exec\/"},"modified":"2012-08-25T15:13:53","modified_gmt":"2012-08-25T13:13:53","slug":"platinum-prices-could-rise-in-2013-on-limited-supply-exec","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/platinum-prices-could-rise-in-2013-on-limited-supply-exec\/","title":{"rendered":"Platinum prices could rise in 2013 on limited supply-exec"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">HYDERADABAD<\/span> Aug 25 (Reuters) &#8211; Prices of platinum could<br \/>\nrise in 2013 as markets digest limited supply from major<br \/>\nproducer South Africa, Jeremy East, global head of metals<br \/>\ntrading with Standard Chartered Bank, said on Saturday.<span><\/span><\/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, East said.<\/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; said East on<br \/>\nthe sidelines of the India International Gold Convention.<\/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, he said.<\/p>\n<p> (Reporting by Siddesh Mayenkar; Editing by Nick Macfie)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HYDERADABAD Aug 25 (Reuters) &#8211; Prices of platinum could rise in 2013 as markets digest limited supply from major producer South Africa, Jeremy East, global head of metals trading with Standard Chartered Bank, said on Saturday. South Africa accounts for 80 percent of platinum supply and its producers have seen output fall sharply over the [&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-13901","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\/13901","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=13901"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13901\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}