Platinum ETPs Are Poised To Reach Record

Mineweb reported platinum assets held in exchange-traded products are poised to climb to a record as labor disputes in South Africa.

As quoted in the market news:

The amount held in ETPs was 45.727 metric tons yesterday, 1.3 percent below the peak of 46.316 tons in September 2011, according to data compiled by Bloomberg. Holdings have risen 8.7 percent since a strike began on Aug. 10 at Lonmin Plc’s Marikana operations in a dispute that’s led to more than 40 deaths.

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