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Palladium Rally Offers Lifeline to Buoy South African Miners
LAGOS (Capital Markets in Africa) – Record palladium prices and a weaker rand are lifting the gloom enveloping South Africa’s platinum industry. For South African producers, the rally in palladium is partially offsetting the slump in platinum prices to near a decade low. Combined with a decline in the rand, which lowers costs for miners selling metal for dollars, that’s extending a lifeline to companies such as Impala Platinum Holdings Ltd., Sibanye Gold Ltd. and Lonmin Plc. “While the…
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