ANGPY - Platinum rallies above $1200 to highest in six years

Platinum prices (XPTUSD:CUR) for March delivery jump nearly 5% to $1,252.60/oz. to the highest level since 2014, as investors bet that a recovery in industry and stricter emissions rules will tighten supply."Optimism on the outlook for industrial and car demand, more stringent emission regulations and, in the last couple of days, some weakness in the dollar" have driven platinum higher, says ABN Amro precious metals strategist Georgette Boele, and "longer term, there is much more potential" for the price to rise.Major platinum producer Sibanye Stillwater ([[SBSW]] +4.1%) trades near an all-time high; other relevant tickers include [[ANGPY]], [[IMPUY]], [[NILSY]].Platinum's share of autocatalyst demand will begin to increase this year after a 15-year decline, driven mostly by higher demand from heavy-duty Chinese vehicles although a recovery in car production generally will boost demand for all platinum-group metals, Johnson Matthey says in a new report.Platinum's price outlook was improved significantly by a disruption

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Platinum rallies above $1,200 to highest in six years