High productions costs could lead to further reductions in platinum output. ETF Securities estimates the all-in production cost of the metal is $1,900 an ounce, but platinum for July delivery currently trades around $1,462 per ounce.
Lost platinum and palladium output is hampering the iShares MSCI South Africa ETF (NYSEArca: EZA) Tuesday. The ETF, which devotes almost 11% of its weight to the materials sector, is down 3%. [Mine Strikes Could be Bad News for South Africa ETF]
ETFS Physical Palladium Shares
ETF Trends editorial team contributed to this post.