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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Walsh who wrote (6779)	7/17/1998 5:15:00 PM
From: Bob Walsh	Read Replies (1) \| Respond to of 14226

The following are some key PGM information sources: Kitco Precious Metals Live Prices kitco.com ___________________________________________________ Summary & Outlook - Rhodium matthey.com _____________________________________________________ Platinum Group Metals Profile amm.com _____________________________________________________ Platinum-Group Metals Statistics and Information minerals.er.usgs.gov _____________________________________________________ SI Forum: "Platinum $2,000 & Palladium $800 ??" www4.techstocks.com ______________________________________________________ Standard Bank of London released their annual platinum book today (Feb. 27, 1998) , saying that "Sales from [the Russian's] legendary stockpile appear to be nearly exhausted... Amplats (Anglo American Platinum) is the only South African producer in a position to significantly take over the market share that is likely to arise from the demise in Russian sales." Standard Bank went on to caution car makers against over-reliance on platinum group metals. "Automobile manufacturers should consider very carefully when basing their ability to sell cars on the assurance of supplies which may well be subject to unexpected delays and which can only be contracted on a short-term basis," said the report. The effects of Russian supply delays tend to be more severe for the palladium market than for the platinum market, most of which is supplied by South Africa. Standard Bank also said at the annual survey release that rhodium could reach $800 in fairly short order. Rhodium is a member of the platinum group metals family, and is used in conjunction with platinum in autocatalyst manufacture. Rising lease rates are making it increasingly unattractive to borrow rhodium, and is increasing the incentive for industrial consumers to buy the metal outright. platinumguild.org _____________________________________________________ Regards, Bob