Unloved platinum stocks show promise for $45 billion manager

ArticleCurrencyFebruary 27, 2018 - 4:21:58 AM

Some platinum stocks are looking attractive again as oversupply that depressed prices for years subsides, said Allan Gray, the South African money manager that oversees the equivalent of about $45 billion.

Companies that Allan Gray has invested in include world number-two producer Impala Platinum Holdings Ltd. and Royal Bafokeng Platinum Ltd., the best-performing stock in the sector this year in Johannesburg, analyst Rory Kutisker-Jacobson said by phone from Cape Town. Impala said Feb. 21 that the money manager had increased its stake to 20 percent…


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