How To Fix South Africa’s Platinum Industry

Reuters reported on the problems and potential fixes to South Africa’s platinum industry.

As quoted in the market news:

Platinum looks like a commodity from hell, and not just because it is dug from especially deep mines. The economics and the politics point to a long crisis.

Since August, labour strife has gripped the South African platinum industry, the source of 80 percent of a metal used in car exhausts. Workers want higher pay, to compensate for dangerous work. Unrest that started at world number-three producer Lonmin has spread. Two weeks of wildcat strikes have shut up to 30 percent of daily production at Amplats, the world’s largest platinum miner.

Get the Latest Platinum Investing Stock Information

Get the latest information about companies associated with Platinum Investing delivered directly to your inbox.

Other Companies

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Leave a Reply