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Lower Platinum Price Scaring Miners Into Self-Preservation Mode
Oct. 06, 2011 02:33PM PST
Precious Metals InvestingMining Weekly reported the lower platinum price is scaring platinum-mining companies into self-preservation mode.
Mining Weekly reported the lower platinum price is scaring platinum-mining companies into self-preservation mode.
As quoted in the market news,
Liberum Capital analyst Dominic O’Kane says in a note that the platinum-mining sector has become the first mining sector to fall below the marginal cost of production, against the background of the eurozone’s economic woes.