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Russia and South Africa, which together hold ~80% of the world’s platinum-group metal...

Russia and South Africa, which together hold ~80% of the world’s platinum-group metal reserves, reportedly plan to create an OPEC-type cartel to coordinate exports. Like OPEC, the two countries would want to be able to create a floor under platinum prices, which would help their important domestic mining industries in terms of profitability and allow them to pay poor and increasingly militant miners better wages.
Comments (7)
  • When does the USA join OPEC?
    27 Mar 2013, 02:26 PM Reply Like
  • Interesting how much flack I took last summer when I was bullish on Pt at $1400 oz. Note though that Canada has notable Pt group deposits and this could be a good business oppty for certain Canadian metals miners.
    27 Mar 2013, 03:09 PM Reply Like
  • I wish someone would join our cartel of colossal low information voter ignorance here in the US.

     

    We need to level the playing field.
    27 Mar 2013, 03:23 PM Reply Like
  • Unfortunately, we get very few good candidates to vote for.

     

    To quote South Park, "It's between a huge douche and a turd sandwich"
    27 Mar 2013, 05:35 PM Reply Like
  • A huge douche? You must have listened to the censored version.
    27 Mar 2013, 08:29 PM Reply Like
  • That maybe means platinum $2000-palladium $1000 soon
    27 Mar 2013, 04:44 PM Reply Like
  • Canada's PGM bearing deposits are years and billions of dollars away. The issue is, as always, processing. Canada's biggest PGM related asset is Ressources Miniere Pro-Or (POI.V) which can not only recycle catalysts but also recover PGMs from low grade and even from chromite ores, both at very low costs.
    28 Mar 2013, 12:28 AM Reply Like
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