01.07.2014 - Switzerland’s Precious Metal Secret Vaults are Affecting the Platinum Market
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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