Buy Impala Platinum (IMPUY)

12/30/2008 10:13 pm EST

Focus: STOCKS

Jim Jubak

Founder and Editor, JubakPicks.com

Early 2008 wasn't an easy period for South African mining companies. Power shortages shut the country's deep mines. News that China passed South Africa to become the largest gold producer in the world strengthened the impression that the industry's best days were behind it in South Africa. But in the case of platinum specifically and the platinum metal group of platinum, rhodium, and palladium in particular, nothing could be further from the truth. South Africa was the source of 50% of newly mined metal in the platinum metal  group in 2007 Deutsche Bank projects that figure will climb to 55% in 2008. Impala Platinum, the second largest of South Africa's three major platinum producers, was the only one to increase its output in 2007.
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