| Platinum has risen to its highest level since September on concerns that a crippling four-month strike at South African mines will not be resolved soon. The precious metal, which is used in vehicle catalytic converters and jewellery, climbed 1.7 per cent to a nine-month high of $1,489.20 a troy ounce, as the stalemate between producers and unions continued.
Mediated talks between Anglo Platinum, Impala Platinum, Lonmin and the main workers’ union began on Wednesday. But Lonmin told Reuters that the industrial action might go on “for much longer” because the parties were still so far apart............................................Full Article: Source
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