October platinum has posted huge gains this morning, and is now more than $100 higher for the month of September. Although some traders feel that there has been broad-based support from the German ESM court ruling and a sharply lower Dollar, most in the market feel that platinum's main source of strength continues to come from labor unrest in South Africa. With 75% of global platinum production coming from that nation, a potential spread of work stoppages throughout platinum mines in that region may keep prices in close proximity to today's 5-month highs.
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