Platin:``There are absolutely no platinum reserves...

``It's kind of a perfect storm'' for precious metals, said Wolfgang Wrzesniok-Rossbach, head of marketing and sales at Hanau, Germany-based Heraeus Metallhandels GmbH, which owns five precious-metal refineries. ``There are absolutely no platinum reserves, so any supply disruption will have an impact.''

Platinum Shortfall

Platinum supply may fall short of demand by as much as 500,000 ounces this year, Wrzesniok-Rossbach said.

Anglo Platinum, the world's largest producer of the metal, yesterday said output at its second-biggest mine was disrupted by flooding and it may take as long as 12 weeks to get back to full capacity. The Amandelbult mine in South Africa may lose 50,000 to 70,000 ounces of production, representing almost four days of global supply.

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahuMg0BjrojA&refer=worldwide

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