09.10.2014 - So you want to control PGM prices...
Central banks buying and selling platinum and palladium to control prices: it's the least silly idea circulating in the bid to boost platinum prices. In case you missed it, ahead of a Russia-South Africa meeting a month or so from now, Sergei Donskoi, Russia's Minister of Natural Resources, suggested the two countries buy the metal through their central banks to affect prices, according to a Bloomberg report on Tuesday. Consider the main alternative: platinum and palladium miners getting together to form a true cartel. Here the PGM houses would have to coordinate and control production, somehow addressing the politically thorny issue of unprofitable shafts; stick to said production plans; and then agree, presumably, only to sell for a fixed price...............................................Full Article: Source
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