The precious metal, used in catalytic converters for automobiles to diminish toxic pollutants in exhaust gas, has been strengthening this year as the protracted strikes over wages in South Africa’s platinum mines go into its seventh week. [Palladium ETF Finds Favorable Catalysts]
“In terms of ETFs, you’ve got to think that the longer the strike goes on, and as above-ground stocks are consumed, it’s got to be positive,” Citi analyst David Wilson said in the article. “People must be thinking that prices are going to rise.”
ETFS Physical Platinum Shares
For more information on platinum, visit our platinum category.
Max Chen contributed to this article.