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Exploring for Gold, Uranium and Platinum Group Elements in Canada
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Hinterland Metals Inc. > Industry Bulletin
Agoracom

INDUSTRY BULLETIN – Platinum Prices May Increase by 50%, Says Reuters Poll

Posted by: AGORACOM on May 20, 2008 09:09AM

Dear Hinterland Shareholders,

In our ongoing efforts to provide market information and/or commentary, we are pleased to provide you, with Industry Sector Bulletins discussing current market opinions and/or conditions that affect the price, use and supply & demand of Platinum.

Regards,
AGORACOM

Platinum Prices May Increase by 50%, Says Reuters Poll

(CEP News) London - The price of platinum may increase by as much as 50% in 2008, according to a poll of analysts conducted by Reuters.

According to the poll, consensus on the median price of platinum is at $2,000 per ounce in 2008 and at $2,100 in 2009. It seems a far cry from the median price in 2007 of $1,304 per ounce.

Platinum is mainly used in jewelry and to make catalytic converters for vehicles. A rise in demand for the latter coupled with production problems at mines in South Africa were behind the current rise in prices, according to analysts.


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Executive Address
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Mark Fekete, President & CEO of Hinterland Metals goes
'beyond' the press release
April 11, 2008

Discussing the April 10th press release

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