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Russia To Cover The Platinum Shortage»

The possible strikes at Anglo American Platinum, Impala Platinum Holdings, and Northam Platinum may influence platinum production considerably

The head of GOKHRAN Of Russia (a state-run body of state precious metals forming) Vladimir Rybkin announced that Russia will not be able to make up for platinum shortage in the world market in case of the strike of SA workers, as they have promised.

However, the possible strikes at Anglo American Platinum Corp. Ltd., Impala Platinum Holdings Ltd. and Northam Platinum Ltd. may influence PGM production considerably ? it is possible that platinum production may decrease by 60%.

MMC Norilsk Nickel share in the world platinum production amounts to 12%.