The Fortis metals monthly says the outlook for platinum is comfortably above $2,000/ounce on new investment demand, higher capital costs stemming from power generators and a looming Cosatu strike in South Africa. The Fortis/VM Group said in its monthly metals report more mining companies were likely to follow Eastern Platinum in installing their own diesel power generators that will add to their capital costs and could involve "new problems" given the high cost of crude oil.

Read Full Story