Automotive industries uses at present 60% of world platinum production. It is used in exhaust system toreduce cO2 emission and for batteries of hybride propelled vehicles. These guys are working very hard to come up with a loco for platinum. It is now anticipated that in 5 years from now nickel will replace platinum in both application. Hence the present hesitation to buy PLA shares. For me no reason to short or sell PLA. Hanging on untill we are in full production in 2009 is a far better idea.Rgds
PLA Price at posting:
0.0¢ Sentiment: None Disclosure: Held