Platinum Higher Following Clashes at South African Mine
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ETFS Physical Platinum Shares (NYSE: PPLT) is expected to open higher on Friday as platinum futures climb for the second day in a row. The spike in prices is related to clashes at platinum mine in South Africa. According to reports out this morning, the clashes between police and workers resulted in 25 deaths at a mine owned and operated by Lonmin, the third largest platinum producer in the world.
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