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What South African Troubles Mean For Platinum

Platinum prices hit a 4-month high this past week as spreading unrest among mine workers in South Africa has reignited investor interest in the precious metal. Since the labor violence began to flare in South Africa two weeks ago, the price of the precious metal has risen nearly 12 percent. Platinum is used in jewelry and its main industrial use is in catalytic converters used to clean up tailpipe emissions in diesel cars.

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