Platinum Rises One Percent On Lonmin Stop

Reuters reported on precious metals trading as platinum outperformed gold on Tuesday following Lonmin’s (LSE:LMI) announcement it will shut down its mine.

As quoted in the market news:

Platinum group metals outperformed gold after the world’s third-largest platinum producer, Lonmin shut its South African operations following violence caused by a feud between rival unions. Nine people were killed at its main mine.

Click here to read the full Reuters report.