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Platinum Shortages Are a Modern Metals Market Symptom
Last week, we covered how London lease rates in both platinum and silver markets have been spiking of late signaling tightness and even low to near no inventory in platinum. And while with silver prices backing and filling this week, lease rates have come down a touch, the opposite is true for lease rates for platinum. Long time Japanese precious metals trader Bruce Ikemizu of the Japanese Bullion Market Association posted the following on his LinkedIn today. His final point about China perhaps not needing much platinum doesn't hold water when we examine platinum market supply demand fundamentals nor recent history ... (full story)