The Wall Street Journal reported that as Anglo American PLC threatened to close down its South African mines, the price of platinum has risen by 11.4% and has overtaken gold for the first time in almost a year.
As quoted in the market news:
In response, some employees at Anglo American Platinum, majority-owned by Anglo American PLC, threatened to shut down all of the company’s mines if plans move forward to lay off 14,000 workers as part of the restructuring.
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