With platinum and palladium mined in just two other countries, Russia and South Africa, Schweitzer said GM's cancellation would put the U.S. at a strategic risk and hurt the mining industry.
Platinum and palladium are rare elements in the earth's crust.
In this particular instance, I think that we'll be better off in the long run by sitting on our supply and using up the Russian and South African deposits first. Then when those begin to peter out, we'll still have plenty of our own left.
We may have saved our platinum, but will we still have a country?
The company should diversify and not have all its egss in one basket. Not good business sense.
We're a mining family that know some of the miners there that this will be affecting. I'm sure this type of reasoning is making them feel better while packing up the household again.
yeah, that's what 0bama is thinking. /sarc
0bama is screwing the USA with EVERY decision.
Every one.