| 21.05.2012 - Platinum industry needs to cut production |
| With about half of platinum producers facing losses at the current price, something has to give. Platinum futures are now trading at $1,459.30 an ounce, down from a high of $19.16 in August last year. Nick Moore, a metals analyst at RBS, argued that the industry needs to make production cutbacks at high cost mines in order to reduce overall unit costs, but notes that companies are reluctant to make the first move...............................................Full Article: Source |