Prices of platinum-group metals, which collapsed in early 2009, may recover this year because of tight supply and growing investment demand, "and are expected to continue rising over the next few quarters," CPM Group says in its annual Platinum Group Metals Yearbook.
The midyear price average for platinum of $1,095 compares with the 2008 annual average of $1,578, while palladium at $217 compares with $363 and rhodium at $1,149 is way below the $6,474 of 2008. "The prices for these metals aren't expected to decline significantly from current levels and are expected to show signs of strengthening toward the end of the year," the CPM Group suggests.
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