ETF Trends, in its September 1, 2012 article, reports that Platinum ETFs Gather Inflows on Mine Shutdown.
Extract :
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Platinum ETFs are on track for their largest one-moth inflow in a year and a half following violence and deaths at a South African mine, according to a
report Friday.
Platinum-backed
ETFs saw their metal holdings rise by 88,821 ounces, or
$133.2 million, according to a Reuters report.
Production at
Lonmin’s Marikana
mine has been suspended in the wake
of worker protests that turned violent and resulted in the deaths of 44
people. [Platinum ETF Rises
on Labor Unrest]
An ETF listed
in the U.S., ETFS Physical Platinum
Shares (NYSEArca: PPLT),
has raised its holdings
by 58,805 ounces this month, according to the
article.
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