Anglo Platinum fell 37 rand
Anglo Platinum Ltd, the world’s leading platinum producer, slipped 37 rand, or 5.9 percent, to 588 rand, its first decline in seven days. For full story, click here
Articles Tagged "decline"
Platinum’s future eludes analysts
Platinum showed extreme volatility in 2008, rising to an all-time high of $2,290 an ounce in March on the back of a power shortage in major producer South Africa, before falling to a five-year low of $732.50 in October.
Lonmin May Cut 5,400 Jobs After Platinum Declines
The world’s third-largest platinum producer, may cut as many as 5,400 jobs, or about 17 percent of its workforce, after prices plunged. For full story, click here
Platinum prices decline
Platinum futures for October delivery lost $34.40 to settle at $1,367.80 an ounce on the New York Mercantile Exchange on Friday. For more information, click here
US platinum slips on dollar’s rebound,Tokyo platinum up
Platinum prices slipped on Monday as the U.S. dollar resumed its rebound against the euro and the pound. Platinum is often used by investors as a hedge against a weakening dollar, so the dollar's recovery has made the metals less attractive.
Platinum futures decline on waning inflation outlook
Platinum futures fell in Tokyo as fall in platinum this month damped concern that consumer prices will rise, reducing demand for the metal as hedge against inflation. For full news, click here
