I can't say I was overly surprised to read this! Link to Full Article: http://www.forbes.com/sites/kitcone...-johnson-matthey-report-south-african-strike/
Keep an eye on it for sure. Low supply plus good old Ben opening his mouth tmrw night... might be a good combination.
As per Johnson Matheys report above there's an expected 400,000 Ozt supply deficit of Platinum this year. Add to that nine Platinum mineshafts recently closed due to lack of profitability, and record lows in the Platinum/Gold ratio - kinda makes you wonder what the next few years hold for the King of metals! http://www.platinum.matthey.com/med...-africa-platinum-mining-sector/801501671.html
400,000+ everyone has forgotten that platinum refining takes 6-7 months. Ore to metal is a long process. Mining has slumped begining with the September / October strikes in SA so it will take until April next year for the sudden shortage to materialise....
Just wish my platinum miner start up that I invested in about two years ago precisely because of this mooted shortage hadn't been one of the victims of the S. African corruption/extortion sh*t. They seem to be coming out of it but have now exhausted their internal funds (more dilution ) and are about 12-18 months behind schedule
