Platinum prices, already on the positive track, got a boost this week from declining greenback and the announcement of GM’s Bankruptcy. GM’s bankruptcy is by no means a positive for platinum, as the auto industry accounts for approximately half of global platinum demand; however, platinum’s price has been reflecting the impending bankruptcy for many weeks.
Continue reading "GM bankruptcy lends relief to platinum"
Wednesday, May 27, 2009
South Africa’s Wesizwe Platinum declared that it has secured a $66.42 million standby equity facility with U.S. based investment fund Yorkville Global Investments. For full story, click here
Continue reading "South Africa’s Wesizwe Platinum has secured $66mln equity facility"
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Friday, June 5, 2009