Russia, South Africa Seek to Support Platinum Price in Talks
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Russia and South Africa, together holding about 80 percent of the earth’s platinum-group metal reserves, will meet to discuss ways to buoy slumping prices.
Officials from Russia’s central bank and OAO GMK Norilsk Nickel, the world’s biggest producer of palladium, which is part of the precious-metal group, will attend the meeting next month, according to Natural Resources Minister Sergei Donskoi.