Friday, 17 August 2012

Platinum Prices Surge After South African Mining Massacre

Platinum Prices Surge After South African Mining Massacre:
We've been following the aftermath of a massacre at a South African platinum mine.
Now according to police (via Bloomberg), 34 workers have died and another 78 have been injured after police opened fire on strikers.
One market impact: Surging platinum prices. Clearly the market is anticipating some significant disruption to supply.
Here's a 30 day look at spot platinum, via Kitco:
image

Please follow Money Game on Twitter and Facebook.
Join the conversation about this story »