Platinum was mixed on Thursday, July platinum rose $2.40 to $1,207.60 an ounce, while September palladium declined $3.35 to $239.70. The drop in the three month contract price was related to declining crude oil. Last week, prices of both platinum and palladium climbed to their highest levels since November 2008-
South African mineworkers at Anglo Platinum are demanding a 15 per cent pay surge from the world’s leading producer of the precious metal. For full story, click here
Anglo Platinum Ltd., the world’s biggest platinum producer, surged 17.96 rand, or 3.1 percent, to 607 rand, bringing its gain in the last four days to 13 percent. The precious metal surged for a fifth day, adding as much as 0.7 percent to $1,256.75 an ounce. For full story, click here
Platinum miner Lonmin, up in line with prices for the precious metal, is reported to be still leading the FTSE 100 higher. For full story, click here
Aquarius Platinum Ltd., the world’s fourth-biggest producer of platinum, reported on Tuesday it swung to a net profit in its third quarter to end-March as higher precious metal prices and a weaker rand outweighed lower output. For full story, click here
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