(Bloomberg) -- Platinum, little changed in New
York, may rise on supply concerns after Lonmin Plc, the world's
third-biggest producer, delayed some sales. Palladium fell.
Lonmin, based in London, postponed deliveries of as much as
90,000 ounces of platinum until after September after a South
African plant breakdown. A fall in grade, a measure of the metal
contained in ore, will reduce production this year and next,
Lonmin said. Platinum reached a record $1,353.80 an ounce on
May 7.
Read more at Bloomberg Commodities News
York, may rise on supply concerns after Lonmin Plc, the world's
third-biggest producer, delayed some sales. Palladium fell.
Lonmin, based in London, postponed deliveries of as much as
90,000 ounces of platinum until after September after a South
African plant breakdown. A fall in grade, a measure of the metal
contained in ore, will reduce production this year and next,
Lonmin said. Platinum reached a record $1,353.80 an ounce on
May 7.
Read more at Bloomberg Commodities News
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