Shares of Lonmin and other platinum miners gain as the spot platinum prices rises, trading aboving gold for the first time since September 1. Platinum briefly touches $1,698.50 an ounce, just above the price of spot bullion.
Signs of a recovery in the United States, the world's top economy, have been supportive of platinum prices, given the metal's industrial use.
Lonmin, the world's No.3 platinum producer, gains 1.7 percent to 127.47 rand. Bigger rival Anglo American Platinum is up 0.8 percent at 553.02 rand. - Reuters