The ratio of platinum to palladium prices are at their lowest since 2002, falling to 1.63, says Jonathan Butler, precious metals strategist at Mitsubishi. This comes as palladium notched a new 13-year high and outperformed other precious metals.
“We remain of the view that investor interest stemming from the positive underlying fundamentals could see $900 challenged in the near term. According to Statistics South Africa, the country’s PGM mining output fell 37.2% in June, an ‘improvement’ on the 48.5% fall in May but a figure that reflected the severe impact of the five-month AMCU strike………………………………………..Full Article: Source