Bank of America Merrill Lynch declared that it has raised its forecast for platinum prices in 2010 to an average $1,350 an ounce from $1,250 previously, citing constraints to mine supply. For full story, click here
Platinum Investment has recently cut its stake in Shanghai Forte Land Co Ltd. to 7.52% from the previous 8.17%, as per the bourse operator Hong Kong Exchanges and Clearing. For full story, click here
South Africa’s Solidarity union declared Anglo American Plc has planned to shed further jobs in South Africa, and accused the company of adopting a short-term survival strategy. Gideon du Plessis, deputy general secretary of Solidarity, stated: It is rumoured that Anglo American plans to cut the personnel at its South African head office by 25 [...]
Anglo American plc declared that it has released its interim financial report and updates on its key projects. For full story, click here
Get our independent commentary on platinum trends and companies delivered to your inbox.
