Platinum hits 5 month high on strike in South Africa after Impala Platinum Holdings Ltd announces deliveries will be halved due to a strike at its largest mine. Impala accounts for 25% of output and is second to Anglo American Platinum Ltd which accounts for 40% of production. South Africa accounts for 80% of production and has also been hit by constrained electricity supply which is needed for mining operations. Palladium which is mined along side of Platinum has also been effected. This price increase has closed the gap with gold.
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