The new and existing sanctions against Russian natural resources is going to have a good effect upon countries producing commodities.
South Africa is the major supplier of platium group metals and a smaller supplier of diamonds.
The above ground stockpiles of excess PGMs is likely to be exhausted in the next six months so the price of platinum that has languished after falling back will shoot up then. All PGMs prices are likely to stay higher for a longer period.
Uncut diamonds prices are likely to increase less as it is easy to avoid sanctions by Russia. South Africa developed the Kimberley process so that diamonds origin could be traced so as to avoid profits from countries at war receiving funds from this source.
