• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    market news

    Platinum Strikes Fail To Push Price Up

    Investing News Network
    Oct. 05, 2012 06:58PM PST
    Precious Metals

    Reuters reported continuing strikes at South Africa platinum mines failed to push the price of the white metal higher.

    Reuters reported continuing strikes at South Africa platinum mines failed to push the price of the white metal higher.

    As quoted in the market news:

    Mining strikes in South Africa, accounting for 80 percent of the world’s platinum reserves, failed to support prices among the platinum group metals.

    Anglo American Platinum, the world’s top producer of platinum, said it had fired 12,000 workers who had participated in a three-week illegal strike. Amplats said the work stoppage had cost it 39,000 ounces in lost output.

    Spot platinum eased 0.3 percent on the day at $1,703.49 an ounce, after reaching a seven-month high earlier in the session. The metal still posted a weekly rise of more than 2 percent.

    Click here to read the full Reuters report.

    market newsplatinum group metalsanglo american platinumplatinum reservesplatinum mines
    The Conversation (0)

    Go Deeper

    AI Powered

    Platinum Inched Up 0.1 Percent

    Platinum Prices Fall Following Anglo American Resolution

    Latest News

    High-Grade Gold Confirmed at Bronzewing South

    Significant Enlargement of Exploration Program

    Locksley Resources Limited Significant Enlargement of Exploration Program

    Providence Gold Mines Inc. Announces Financing Update on the La Dama de Oro Gold Property

    Admission to Trading on the OTCQB Market

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×