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Platinum:Palladium Ratio At Lowest Since 2002 - Mitsubishi

Posted on 19 August 2014

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


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