Platinum hits record high on supply concerns

SINGAPORE (Reuters) - Platinum hit another record high on Monday on the back of lingering supply concerns in South Africa, which produces four-fifths of the world's metal.

Spot platinum <XPT=> rose to $1,885/1,892 an ounce from $1,880/1,888 late in New York on Friday.

South Africa has appealed to mining companies for help in cutting power consumption to ease a power crisis caused by the failure of electricity generation to match economic growth.

(Reporting by Lewa Pardomuan; Editing by )