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    market news

    Precious Metals: Platinum Rallies On Lonmin Shutdown

    Investing News Network
    Aug. 17, 2012 12:05PM PST
    Precious Metals

    Reuters reported platinum rallied on Friday on supply fears after mass killings in South Africa shut production at Lonmin (LSE:LMI).

    Reuters reported platinum rallied on Friday on supply fears after mass killings in South Africa shut production at Lonmin (LSE:LMI).

    As quoted in the market news:

    South African police killed 34 striking miners armed with machetes and sticks at Lonmin’s Marikana platinum mine on Thursday, evoking comparisons to apartheid-era brutality. .

    Police chief Riah Phiyega said 78 were also injured after officers moved against 3,000 striking drill operators massed on a rocky outcrop at the mine, 100 km (60 miles) northwest of Johannesburg.

    Click here to read the full Reuters report.

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