The price of the continued. She was supported by the next hopes for the state support of China’s economy, fears for new US tariffs and at the same time stably high demand from European consumers, where the proposal is also limited due to sanctions against Russian aluminum
the price of the case was also strengthened in July from China about the likelihood of further support of the economy. At the same time, there were concerns about reducing metal production in the market: in the first quarter of the current year, the volume of production on one of the world's largest mining mines in Alaska, owned by Teck Resources, has decreased by more than 20% by more than 20%. However, closer to the end of July, data for half a year came out, according to which the decrease was about 8%, which reduced the degree of fears.
Platinum prices and in July remained leaders in growth. The price of platinum within the month of the month approached the level of 1.5 thousand per troika ounce, Palladium - to 1.3 thousand per troika ounce. Active price growth supported the structural deficit, reduction in metal production in South Africa, the growing demand from Chinese jewelers amid concerns about the new US tariffs and speculative trade, which led to the re -storage of platinums of London and Zurich to the warehouses of China and the USA.
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