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Platinum bets hang in the balance

Posted on 07 May 2013

A rally in platinum prices is in danger, as promised production cuts from the world’s biggest miner of the metal face opposition from the South African government. Prices are up 6.3% since mid-April, when they plunged alongside gold and other precious metals.
But even bullish investors say there is a wild card that could undo recent gains: the outcome of negotiations between Anglo American Platinum Ltd.,which produces about 40% of the world’s platinum, and the South African government………………………………………..Full Article: Source


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