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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.

    Frank Tang
    Updated

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    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.

    Reuters

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