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Platinum rises after Amplats move

Jan 15 2013 09:27
Reuters

Company Data

ANGLO AMERICAN PLATINUM LIMITED [JSE:AMS]

Last traded 280
Change -7
% Change -2
Cumulative volume 216482
Market cap 0

Last Updated: 06-12-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

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Singapore - Spot platinum rose as much as 1.6% to a three-month high of $1 680.5 an ounce on Tuesday after the world's top platinum producer Anglo Platinum [JSE:AMS] announced plans to close four shafts and sell its union mine. 

The metal, used to mainly produce jewellery and catalyst converters for diesel-powered vehicles, regained a premium over gold for the first time since March 2012.

 

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