Platinum funds set for inflow after Marikana deaths
August 31, 2012 by goldguru · Leave a Comment
Platinum-backed exchange-traded funds are set for their biggest one-month inflow in 18 months in August after deadly violence at a mine in South Africa, source of four out of five ounces of the white metal, fuelled fears of supply constraints.
Production at the Marikana platinum mine, operated by number three producer Lonmin, remains suspended two weeks after clashes between unions led to the death of 44 people, including 34 striking miners shot dead by police.
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