[miningmx.com] – THE efforts of the World Platinum Investment Council (WIPC) to lift the metal’s profile as an investment target received a boost today after it was approved a foreign associate of the Singapore Bullion Market Association (SBMA).
WIPC’s director of market development, Marcus Grubb, described the association as
“… a growing hub for precious metals investment and the industry value chain with strong government backing for the precious metals business”.
The SBMA was formed in 1993 to promote Singapore as a precious metals hub in Southeast Asia and its existing members include ICBC Standard Bank, Bank of Nova Scotia, JP Morgan, and UOB Bullion & Futures.
