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All told, Thomson Reuters GFMS is predicting at least a 700,000-ounce physical platinum deficit this year. It projects that platinum will pass $1,700 per ounce by the end of 2014, a 18% increase from today's price.
1 The LBMA Platinum and Palladium prices are set twice daily (at 09:45 and 14:00) in US dollars per .9995 fine ounces and are independently administered by the LME. 2  From 13 July the prices will be displayed on the LBMA's website with a delay until midnight.