{"id":7756,"date":"2008-05-21T00:00:00","date_gmt":"2008-05-21T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"blackrock-sees-platinum-prices-at-new-records","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2008\/blackrock-sees-platinum-prices-at-new-records.html","title":{"rendered":"BlackRock sees platinum prices at new records"},"content":{"rendered":"<div class=\"feedflare\">Reuters- Production problems at platinum mines in South Africa and growing demand from car makers mean prices of the precious metal have potential to hit new highs, a fund manager at BlackRock told Reuters. <\/p>\n<p>A power crisis in South Africa, which produces 80 percent of the world&#8217;s platinum, and worries about shortages drove prices to a record high of $2,290 an ounce early in March. Prices are currently around $2,150 an ounce.<\/p>\n<p>&quot;The acceleration in the rate of increase in prices was probably accentuated by the power crisis in South Africa,&quot; said Evy Hambro, a UK-based fund manager at BlackRock.<\/p>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" height=\"1\" src=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~4\/294132519\" width=\"1\" border=\"0\" \/><br \/><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/294132519\/idUKNOA03346820080520\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters- Production problems at platinum mines in South Africa and growing demand from car makers mean prices of the precious metal have potential to hit new highs, a fund manager at BlackRock told Reuters. A power crisis in South Africa, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[207,117,206,208],"class_list":["post-7756","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-commodities","tag-investment-arm","tag-refiners","tag-remainder"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7756"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7756\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}