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Continued Unrest In South Africa Supports Platinum Prices
Sep. 11, 2012 11:05AM PST
Precious Metals InvestingPlatts reported as strikes continue in South Africa, analysts predict platinum prices will remain supported.
Platts reported as strikes continue in South Africa, analysts predict platinum prices will remain supported.
HSBC Senior Analyst, Jim Steel said:
Although the loss of production due to strikes is not causing noticeable supply shortages, the possibility that strike action may spread to other platinum group metal producers is buoying PGM prices. Without any near term resolution in sight, we believe PGM prices will be well supported.