Platinum hits 2-month high

Comment on this story
PlatinumJewellery REUTERS A saleswoman displays platinum rings.

London - Platinum prices hit two-month highs on Wednesday as about 1,000 strikers gathered outside a platinum mine in South Africa to stop workers from breaking the longest and costliest bout of industrial action in the sector's history.

Spot platinum hit a high of $1,470.25 an ounce and was up 1.4 percent at $1,464.99 an ounce at 13:27 SA time.

The president of South Africa's striking Amcu union urged its members on Wednesday to remain united and strong in the face of efforts by the three major platinum companies to force miners to end a 16-week stoppage.

“Let's stay strong. Yes it's difficult but let's hold each other by the hand and stay strong. Onward!” Joseph Mathunjwa told thousands of strikers at a rally near the Marikana operations of London-listed producer Lonmin. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines