Platinum Group Metals Price Bulletin - 26th December 2011 to 30th December 2011

Johnson Matthey London Base Prices at 0800 hrs, $/oz:

	Pt	Pd	Rh
Monday 26th December
Tuesday 27th December
Wednesday 28th December	1429	660	1400
Thursday 29th December	1362	638	1400
Friday 30th December	1388	636	1400

The Eurozone debt crisis has frightened the markets again, prompting a further flight from riskier assets. The US Dollar is the investors’ choice, with the result that the Euro, gold and the major PGMs have all fallen sharply.

Platinum

The sell-off in platinum took the price below $1400 for the first time since December 2009. Meanwhile, Zimbabwe put some pressure on the South African PGM producers operating platinum mines in the country to commit to building refineries there within 5 years.

Palladium

Although feeling the pressure on non-dollar assets, the palladium price has had some support from trade buying.

Rhodium

No change in the price of rhodium this week.

Johnson Matthey,
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