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Platinum at three-month high on Amplats overhaul

Platinum rose to a three-month high on Tuesday, rallying for a sixth straight session as funds bought heavily due to a mine labour crisis in South Africa that sparked supply fears.

Platinum rose to a three-month high on Tuesday, rallying for a sixth straight session as funds bought heavily due to a mine labour crisis in South Africa that sparked supply fears.

Platinum received a strong boost after Anglo American Platinum plans to shut two South African mines and cut 14,000 jobs, risking a repeat of last year's violent strikes as the world's largest producer of the autocatalyst metal struggles to stem losses.

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    Original URL: https://www.afr.com/companies/mining/platinum-at-three-month-high-on-amplats-overhaul-20130116-j18nq