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Switzerland’s Precious Metal Secret Vaults are Affecting the Platinum Market

Posted on 01 July 2014

In a recent article, we explored the impact on the platinum and palladium markets of the five-month-long miners’ strike in South Africa and postulated that one reason the price did not respond robustly to the loss of supply – South Africa does after all supply some 40% of global platinum – was due to inventory levels held in European vaults.
Consider, for a moment, the loss of nickel ores from Indonesia over a similar time frame which has resulted in a 50% price increase to its yearly peak in May and is still some 30% above Jan 1 prices as of today………………………………………..Full Article: Source


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VRS - who has written 37718 posts on Opalesque Commodities Briefing.


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