Mineweb reported the violence at Lonmin’s (LSE:LMI) Marikana platinum mine is bringing South Africa’s supply problems to the forefront of the market.
As quoted in the market news:
As a result, prices are finally moving. Platinum prices rose around $40 an ounce yesterday and have continued that move today. That is not to say that the problems facing the sector were being kept a secret. It is just that many people were too focused on the demand side of the equation to worry that much about supply.
“South African Platinum Supplies Are Declining. What Should Investors
Do To Profit From This Trend?”
Get the latest update on the platinum market. Click below
to get your FREE market report.