Platinum Prices Surge After South African Mining Massacre

We’ve been following the aftermath of a massacre at a South African platinum mine.

Now according to police (via Bloomberg), 34 workers have died and another 78 have been injured after police opened fire on strikers.

One market impact: Surging platinum prices. Clearly the market is anticipating some significant disruption to supply.

Here’s a 30 day look at spot platinum, via Kitco:

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Photo: KITCO

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