The Conversation (0)
Mineweb reported Impala Platinum’s (JSE:IMP) mineworker’s strike has caused platinum etf’s to surge in trade.
Mineweb reported Impala Platinum’s (JSE:IMP) mineworker’s strike has caused platinum etf’s to surge in trade.
As quoted in the market news:
ETF Securities said that platinum ETCs had recorded weekly inflows of US$38m which is the highest level seen since May 2011. Palladium ETCs also recorded inflows of US$17m.
Supply disruptions due to the Impala Platinum (Implats) strike and the fear that the rioting may spread to neighbouring Anglo Platinum (Amplats) are behind the inflows said ETF Securities.