The prices of the major three platinum group metals (PGM) have experienced sharp moves in both directions over the past 18 months. Such dynamic prices should be expected to continue in 2009, according to CPM Group’s Platinum Group Metals Yearbook 2009.
Prices rose sharply in the first half of 2008, pushed higher by a combination of strong demand from both industrial users and investors, and production problems in most PGM operations worldwide. Prices collapsed later in 2008, and have begun to rise once more during the first half of 2009. Prices are expected to continue rising over the next few quarters.
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