PLATINUM PROPELLOR HEADS
Many are scratching their heads at the workings of the platinum futures markets in New York and London and some are saying that its proceedings appear to be holding the platinum price below equitable levels at a time when mineworkers are demanding greater reward for their operational risk. Instead, platinum speculators and platinum users seem to have control of the price. The view of Mining Weekly is that a bright light should be shone on the complexities of platinum pricing and that transparency should dominate all pricing determinations, which some allege are not in South Africa’s favour.
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