Recent gains in palladium and platinum prices come on growing concern over a coal strike in South Africa that may cut power to mines, which produce around two-thirds of the world’s platinum and palladium, according to Kitco News. Electricity shortages struck South African mines in 2008 and led to a surge in prices as mining operations diminished output.
ETFS Physical Palladium Shares (NYSEArca: PALL) and ETFS Physical Platinum Shares (NYSEArca: PPLT) are up 14.5% and 7.1% over the past month, respectively.
- ETFS Physical Platinum Shares
- ETFS Physical Palladium Shares
For more information, visit our platinum or palladium categories.
Max Chen contributed to this article.