Share prices for leading platinum mining companies have surged in line with the metal's rising value.

Earlier this week Johnson Matthey's report on future market conditions predicted that the price of platinum will rise in line with a supply deficit and growing demand.

In response, Impala Platinum's shares have risen by six per cent and closed at 4.3 per cent higher at R242.50 on Wednesday, Reuters reports.

Anglo Platinum saw a similar jump, up 3.41 per cent to R1,030, while Lonmin shares were up 3.08 per cent to R443.20.

The report's publication also fuelled a price rise for Northam Platinum of 4.90 per cent to R443.20.

Ferdi Heyneke, Portfolio Manager at Afrifocus Securities, said: "The rising price of the metal has pushed the shares up, I think people started buying after the Johnson Matthey report gave a bullish view on the metal going forward."

The price of platinum has risen two per cent to $1,415/1,420 an ounce on the New York Stock Exchange, since the report was released.

Source:

Implats, Angloplat leads platinum shares charge, 15/11/07
http://africa.reuters.com/business/news/usnBAN455750.html

Platinum could hit second record high within six months - Johnson Matthey, 13/11/07
http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-20942336.htm

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