South Africa’s new mining minister is unlikely to succeed where others failed and bring a swift end to the four-month strike at the world’s biggest platinum producers, said analysts at Investec Plc and Noah Capital Markets.
Lonmin Plc, the world’s third- largest platinum producer, may face a strike by its biggest union, depending on a ruling tomorrow over the labor group’s recognition rights, according to analysts.
Impala Platinum Holdings Ltd., the world’s second-largest producer of the metal, said earnings probably rose as much as 42 percent on increased prices, beating analysts’ expectations.
"If you're looking for reasons to be positive about platinum, then the uptake in demand for fuel cells is definitely something to be shouting about."
- Michael Kavanagh on Nov 17, 2014