UBS AG, Europe's biggest bank by assets, raised its forecasts for platinum because of demand from automakers that use the metal in car parts to reduce harmful emissions. The forecast price for platinum in 2008 was increased 9 percent to $1,200 an ounce while the 2009 price was raised 16 percent to $1,100 an ounce, UBS analysts Daniel Brebner and John Reade said in a report today.
UBS AG, Europe's biggest bank by assets, raised its forecasts...
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| PLA (ASX) Chart |