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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Ed Devlin who wrote (29287)12/16/1997 1:04:00 PM
From: Bruce McGaughey  Read Replies (2) of 35569
 
Ed- We're still using platinum. A lot is used in cars and a lot
is used in electronics.
The Far East is going through some tough times lately and
Japan is the biggest importer of platinum, using it for both
cars and electronics. They get most of theirs from Russia.
Early in the year, Russia couldn't supply it. The price of
platinum went up.
Russia still can't supply much but the economies of the Far East
have bit the dust and it's thought that there won't be as much
demand this next year.
South Africa still produces 3/4 of the 4 mill ounces used every year.
Apparently, a good deal of platinum is on IPM's property.
Now, if we just had an economical recovery process.......
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