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Precious Metals: Platinum Rallies On Lonmin Shutdown
Aug. 17, 2012 12:05PM PST
Resource Investing News 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.
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