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.
“South African Platinum Supplies Are Declining. What Should Investors
Do To Profit From This Trend?”
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