Tuesday, July 31, 2007

Platinum Futures Climb in New York on Supply Concerns; Palladium Declines

(Bloomberg) -- Platinum rose in New York a day after
Anglo Platinum Ltd., the world's biggest producer, said it may
miss its 2007 production target because of strikes and other
stoppages in South Africa. Palladium fell.

Refined platinum production will be 2.6 million to 2.65
million ounces, down from a previous estimate of 2.8 million to
2.9 million ounces, Anglo Platinum Chief Executive Officer
Ralph Havenstein said yesterday.


Read more at Bloomberg Commodities News