Platinum Climbs to Highest Level in 17 Years as Supply Tightens

Platinum continued its steep rally and climbed to its highest price level in 17 years amid tightening supply and trading activity on a newly launched futures contract in China. Since last Thursday, spot contracts for the metal have climbed about 2% on a daily basis and on Wednesday, they appreciated by 1.9%.

There is a lot happening that is reshaping the market, and major platinum producers like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) will be keeping their eyes on these shifts so that they take&

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