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Platinum's full-throated recovery brings downcycle to an end
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Platinum's full-throated recovery brings downcycle to an end
AFTER several months of positively trending prices, platinum has staged a full-throated rally, gaining 20% in just more than a month and taking sister metal palladium some of the way with it. All told, platinum is 44% stronger this year — a development that turns on three factors. First, metal reserves are in decline and there is little prospect of sustained supply in the long term. Second, balance sheets are eroding faster than expected. This m…
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