South African Platinum “Rescue Plan” in the Works

Reuters reported that in order to maintain the viability of its platinum and gold industries, South Africa may make unspecified “interventions” into the sectors.

As quoted in the market news:

‘I have directed my officials to urgently explore all available avenues and develop a rescue plan,’ [Mines Minister Susan Shabangu] said in a speech to parliament.

There would be a ‘particular focus on both supply and demand-side interventions,’ she said.

Click here to read the full Reuters report.