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Platinum Price Drops to Six-year Low

Platinum made headlines on Monday as its price fell to a six-year low. According to the The Wall Street Journal, platinum for July delivery fell 0.8 percent, to $1,088.60 per troy ounce, on the New York COMEX, the lowest since March 2009.

Why is Eastern Platinum’s Share Price On the Rise?

Investors keeping an eye on companies in the platinum space will no doubt have noticed that Eastern Platinum's share price is on the rise. Shares of the company were up 12 percent to $1.96 on Tuesday, and have risen nearly 40 percent so far this year. However, there hasn't been much news from Eastern Platinum aside from updates on a proposed deal to sell its South African assets to China's Hebei Zhongbo Platinum.