CPM forecasts 2007 platinum surplus of 897,000 oz

Newswire

NEW YORK, June 26 (Reuters) - Robust automotive-sector usage for platinum and strong investment demand fueled a 27 percent jump in the precious metal's average price in 2006, commodities research and consulting firm CPM Group said on Tuesday. CPM Group expects higher prices of the platinum metals group to continue throughout the remainder of this year despite higher supplies, it said in its 2007 Platinum Group Metals (PGM) Yearbook. Platinum, a metal mostly used in jewelry and to clean ...

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