Precious Metals: Spot Platinum Inches Up
Reuters reported on precious metals trading on Friday.
Reuters reported on precious metals trading on Friday.
Bloomberg reported South Africa’s economic growth in the first quarter will probably be slower than forecast after weak mining and manufacturing production, and retail sales data, Finance Minister Pravin Gordhan said.
Bloomberg reported the National Union of Mineworkers asked its members at Impala Platinum Holdings Ltd. (JSE:IMP)’s Rustenburg operations in South Africa to “defend themselves” after a worker was shot yesterday morning during conflict between two rival unions.
Reuters reported Impala Platinum (JSE:IMP) has said rival unions have clashed at its mine in South Africa.
Reuters reported a case study on Anglo American (LSE:AAL) showing problems facing the platinum sector.
Reuters reported Impala Platinum (JSE:IMP) is priming for Terrence Goodlace to take the reigns on July 1 of this year.
Reuters reported trading houses in Japan are targeting platinum and palladium on the expectation there will be shortages later this decade on increased demand for vehicles.
Reuters reported on a growing trend for platinum jewelry among young consumers in India.
Platinex Inc. (TSXV:PTX) announced initial results from the latest drill program to test anomalies.
Platts reported Lonmin (LSE:LMI) is predicting platinum demand will outpace supply slightly in South Africa through 2012 although it is unlikely to affect price.
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