You are currently viewing South African miners close for 21 days, shutting down 75% of the world’s platinum supply

South African miners close for 21 days, shutting down 75% of the world’s platinum supply

Take note that South Africa accounts for 75% of the world’s platinum supply and 38% of palladium supply, not to mention a fair amount of gold too. Until 2006 South Africa was the world’s largest gold producer also. It is now the 8th largest gold producing nation. Have you noticed Platinum prices have climbed 15% lately?

Sources:
https://en.wikipedia.org/wiki/List_of_countries_by_gold_production
http://www.usfunds.com/investor-library/frank-talk/top-10-gold-producing-countries/#.XoORnogzYuU

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