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.
From other sites
at MarketWatch.com (May 22, 2014)
at MarketWatch.com (May 15, 2014)
at MarketWatch.com (Jun 3, 2013)
at CNBC.com (Feb 21, 2013)
at Fox Business (Feb 15, 2013)
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