Fixing in London on 14th April at $1,222/oz, platinum was at its highest price since September 2008. But news of the impending bankruptcy of the Chrysler car company punctured sentiment, and by 1st May it had slipped back to $1,076/oz, its lowest since mid-March. For full story, click here
Anglo Platinum Ltd., the world’s leading producer of the metal, cut the price of a stake in a South African mine by 28 percent after commodity prices plunged. For full story, click here
Platinum declined for a third day, trading near a three-week low, as slumping demand from the auto industry cut demand for the metal that’s used mainly to make catalytic converters. For full story, click here
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