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SWC 'Remarkable' That PGM Prices Aren't Higher

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JD400   Tuesday, 05/20/14 08:35:20 PM
Re: None
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SWC 'Remarkable' That PGM Prices Aren't Higher
May 20, 2014 8:40 AM
Strikes in South Africa against the major platinum group metals producers continue with no real end in sight, says INTL FCStone. While platinum and palladium prices moved higher on Monday, INTL FCStone says “considering how long the strike is dragging on, it is quite remarkable that prices are not pushing higher still. We attribute this to the fact that both platinum and palladium demand remains steady, but not remarkable, while more importantly, there apparently is plenty of idle inventory on hand to accommodate the buying that does exist.”

By Debbie Carlson of Kitco News;


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