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After labor strikes, what’s next for platinum?

Posted on 26 June 2013

The platinum group metals (PGM) markets are highly concentrated, meaning that both supply and demand are heavily reliant on only a few sources. On the supply side, about 75% of platinum mine supply comes from South Africa.
These metals are primarily industrial commodities and their prices move in tandem with industrial activity, mostly in the auto sector. At present, there is weakness in platinum prices because demand from the European auto sector is weak and contracting. During the next 12–18 months, growth could improve in the European auto market, which would be positive for platinum prices………………………………………..Full Article: Source


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VRS - who has written 34673 posts on Opalesque Commodities Briefing.


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