(Bloomberg) -- Platinum rose in Asian trading for a first day in seven after the world's second-biggest producer said the metal may climb to a record should a third platinum-backed investment fund be introduced.
Impala Platinum Holdings Ltd. yesterday said it had been approached by a European bank regarding plans to establish an exchange-traded fund for the precious metal. Derek Engelbrecht, the Johannesburg-based company's marketing director, declined to identify the bank.
Read more at Bloomberg Commodities News
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