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South Africa: Platinum Miners’ Stock Continues to Fall
May. 25, 2012 11:57AM PST
Resource Investing News Reuters reported on South Africa’s trading on Friday as platinum miners continued to fall and the bourse canceled “incorrect” trades.
Reuters reported on South Africa’s trading on Friday as platinum miners continued to fall and the bourse canceled “incorrect” trades.
As quoted in the market news:
A rout on platinum producers continued with two of the largest miners, Anglo American and Lonmin, declining by over 1.3 percent.
The index of platinum miners is down 17 percent this year and trading near a three-year low. The precious metal is used to make autocatalysts that reduce car emissions.
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