Rising Platinum Costs Impact Pressure-Sensitive Industry
Platinum metal plays a vital role in the pressure-sensitive industry. Unfortunately, the cost of platinum, like any commodity, can fluctuate widely on the global commodity exchange.
Unfortunately, the cost of platinum metal, like any commodity, can fluctuate widely on the global commodity exchange. Recently, platinum has spiraled upward at an alarming rate and is not forecasted to decline in the near future. In 1999, the metal traded for about US$360 per troy ounce (approximately 31.10 grams). By May 2006, the price had more than tripled as it reached a historical record US$1,340, rising over 50% in the last year alone.