Tight global platinum market to persist in '08, '09

Newswire

By Veronica Brown LONDON, Jan 23 (Reuters) - The world platinum market is expected to stay in deficit in 2008 and 2009, keeping prices pinned at lofty levels, as demand grows and output disruptions curb supply, analysts say. An informal survey of analysts responding to Reuters precious metals price poll showed the market balance for platinum, used in jewellery and to clean vehicle exhaust fumes, at an average deficit of 181,500 ounces by the end of 2008, narrowing slightly to 175,000 in ...

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