Platinum Imports at Four-Year Low

Reuters reported imports of platinum to Switzerland fell to their lowest in over four years, driven by a drop in South African shipments.

As quoted in the market news:

Switzerland imported 949 kg, or 30,511 ounces, of platinum in April, down from 3,411 kgs in March, the lowest since the 921 kgs recorded in February 2008, while total exports rose to 3,692 kgs, their highest so far this year.

Imports from top producer South Africa fell to a three-month low of 339 kgs, from 1,011 kgs the previous month.

Click here to read the full Reuters report.