South African Platinum Production Plummets

Bloomberg reported South African platinum and other precious metals has fallen the most in four years.

As quoted in the market news:

Total mining output retreated 14.5 percent from a year earlier, the most since March 2008, Pretoria-based Statistics South Africa said in a statement today. Mines produced 48 percent less platinum-group metals because of a strike at the world’s biggest platinum mine and safety-related shaft closures.

Click here to read the full Bloomberg report.