Morning Platinum Market Report 9/27

on September 27 2012 10:24 AM

Platinum was able to put together a moderate recovery in the wake of the surprise move by the Chinese central bank to provide liquidity overnight. Platinum may also find additional support from the lingering strike potential in South Africa at Anglo American platinum. In fact, a South African platinum mining official overnight suggested that the South African platinum mining industry was poised to face some very significant trouble ahead. Mining companies maintain that workers are staging illegal strikes and are unwilling to negotiate wages, which may rekindle supply side concerns for the market. 

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