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Platinum Futures Seen Trading at $1,436.30 an Ounce Ounce on Easing Ukraine Tensions
May. 08, 2014 09:23AM PST
Precious Metals InvestingMining.com reported that, following statements from Russian President Vladimir Putin that Russia had withdrawn its forces from the Ukranian border on Wednesday, platinum and palladium prices saw a modest fall in prices on Wednesday.
Mining.com reported that, following statements from Russian President Vladimir Putin that Russia had withdrawn its forces from the Ukranian border on Wednesday, platinum and palladium prices saw a modest fall in prices on Wednesday. According to the publication, platinum for July delivery fell by 1.5 percent or $21.80 to $1,436.30 per ounce during afternoon trading, according to Mining.com
As quoted in the publication:
Though not as concentrated as palladium, platinum supply is also largely dictated by Russia and South Africa, which together produce nearly 70% of the global total, followed by Canada and Zimbabwe.