SOVIET SALES OF PLATINUM

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP62S00545A000100090127-7
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 9, 2016
• Document Release Date: July 17, 1998
• Sequence Number: 127
• Content Type: REPORT

Approved For Release 2000/09/11 :CIA-RDP62S00545A000100090127-7
Although Soviet salsa of Platinum to the Free World have increased
in reee~ years, current sales seem insufficient either to produce
significant foreign exchange for the USSR or to have ar~y lasting effect
on the market. The decline in the price of Platixum from over $1?C- per
troy ounce in 1956 to $90.x+9 per ounce in 1957 to a low of $65-75 l~r
ounce in recent months, perhaps evidences more the depressed world
demand. for platinum than any ccu~petition from Soviet salsa. Indeed,
the recent Soviet offerings of platinum at considerably less than the
Raw Xork market price of $72 seems lase an indication of Soviet efforts
to'brealt" the market than a desire to ael.l the metal at a price which
will stimulate e, demand for it,
USSR orts of Platinum. to Free- Wand
thousands of US dallara
Year
Value
195
3,786
1955
13,623
1956
15,252
1957 (Jan-June)
3, 392
Approved For Release 2000/09/11 :CIA-RDP62S00545A000100090127-7