Anglo American Platinum Reports Big Profit, Daily Prices Rise

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Looks like the South African platinum mine strikes didn’t really mess Amplats up that much after all.

Via Reuters: “Amplats said the results were boosted by the weaker rand, which fell by about 17 percent during the reporting period…The company said refined platinum output was unchanged a 1.2 million ounces following a wildcat strikes at its Rustenburg mines.”

The price of Chinese platinum bar finished the market day up 1.0 percent per gram. Japanese platinum bar gained 0.6 percent. US platinum bar finished the day up 0.6 percent.

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Strengthening prices ended a two-day flat streak as the price of Japanese palladium bar moved up by 2.9 percent on Friday, July 19. After a 1.5 percent increase, US palladium bar finished the day higher. The price of Chinese palladium bar declined 0.6 percent.

Indian gold bullion prices inched up 0.8 percent. Chinese gold bullion saw its price rise 0.8 percent. Japanese gold bullion prices rose 0.8 percent. The price of US gold bullion increased 0.7 percent.

The price of Japanese silver fell 1.7 percent last Friday after three straight days with no change. After falling for two days, the price of Chinese silver rose 0.5 percent. US silver saw its price rise 0.5 percent. The price of Indian silver is back up, rising by 0.1 percent last Friday.

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