(Updates with price outlook, managing director's comments in paragraphs 5-7, adds byline) By Zach Howard NEW YORK, June 27 (Reuters) - Strong automotive demand for metal and new investment in commodities fueled a 6.4 percent jump in platinum's average price in 2005, according to a report issued by a U.S. commodities research firm on Tuesday. CPM Group said in its 2006 Platinum Yearbook that the precious metal averaged nearly $900 an ounce last year, before extending its gains to record ...
Premium Content (PAID Subscription Required)
"UPDATE 1-CPM forecasts 2006 platinum surplus of 413,000 oz" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.