Shares of Anglo American, Lonmin, Impala Platinum Hit Multi Year Lows

Resource Investing News

The share prices of major platinum miners hit multi year lows this week, Reuters reported. Platinum prices hit a six and a half year low on Wednesday, at $1,005.75 per ounce.

The share prices of major platinum miners hit multi year lows this week, Reuters reported. Platinum prices hit a six and a half year low on Wednesday, at $1,005.75 per ounce.
As quoted in the publication:

Lonmin shares tumbled to their lowest since 1983 in morning trade in London, while its Johannesburg shares sank to their lowest since 1999.
Shares in the world’s top producer, Anglo American Platinum, sank over 2 percent to 248.80 rand, the lowest in a decade.
World no. 2 producer Impala Platinum also stumbled 2 percent to near 12-year troughs.
Platinum prices hit their lowest in nearly 6-1/2 years on Wednesday at $1,005.75 an ounce, after sliding 2.4 percent in the previous session.
At mid morning in European trading hours, the metal was down 1.8 percent at $1,017.24 an ounce.

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