Thursday, May 6, 2010

Anglo Platinum (OTC:AGPPY) Increases Production Guidance by 200,000 Ounces

Anglo Platinum (OTC:AGPPY) (JNB:AMSPP) announced it could produce from 150,000 to 200,000 ounces of platinum than their original guidance, according to chief executive officer Neville Nicolau.

Nicolau also had this to say about palladium, "Palladium may be in deficit for most of the next decade as Russia depletes inventories, and uses for the metal increase."

Palladium prices are expected to soar this year as growing demand from the auto industry, along with low supply, should push palladium prices up going forward.

No comments: