Ole HansenOle Hansen , Head of Commodity Strategy, Saxo Bank
Denmark, 12 September 2012 at 08:08 GMT+0
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Platinum has resumed its outperformance of gold, currently trading at a discount of 6.7 percent, the lowest level since May. Labour unrest is sweeping across the SA platinum sector. Yesterday Impala (worlds no 2 producer) was impacted and today Anglo American Platinum (worlds no 1) have seen striking miners blockading roads. This on top of already known problems at Lonmin (worlds no 3) which all adds up to worries about reduced supplies which is removing the supply glut that was expected for 2012.

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Saxo Bank provides an execution-only service. The material on this website does not contain (and should not be construed as containing) investment advice or an investment recommendation, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Saxo Bank accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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