(Bloomberg) -- Platinum rose in London after Lonmin
Plc, the world's third-biggest platinum company, said it would
delay sales of some of its metal at a time when global supply was
barely keeping pace with demand.
The sale of between 70,000 and 90,000 ounces of platinum
from inventories will be postponed until after September, London-
based Lonmin said in a statement today. The sales were expected
to help platinum supplies exceed demand in the second half of
2007 from a deficit in the first half, London-based platinum
marketer Johnson Matthey Plc said in May.
Read more at Bloomberg Commodities News
Plc, the world's third-biggest platinum company, said it would
delay sales of some of its metal at a time when global supply was
barely keeping pace with demand.
The sale of between 70,000 and 90,000 ounces of platinum
from inventories will be postponed until after September, London-
based Lonmin said in a statement today. The sales were expected
to help platinum supplies exceed demand in the second half of
2007 from a deficit in the first half, London-based platinum
marketer Johnson Matthey Plc said in May.
Read more at Bloomberg Commodities News
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