Platinum continued its steep rally and climbed to its highest price level in 17 years amid tightening supply and trading activity on a newly launched futures contract in China. Since last Thursday, spot contracts for the metal have climbed about 2% on a daily basis and on Wednesday, they appreciated by 1.9%.
There is a lot happening that is reshaping the market, and major platinum producers like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) will be keeping their eyes on these shifts so that they take…
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