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COMMODITIES

Platinum skids to new low on Volkswagen scandal

Monday, September 28, 2015 - 05:50
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Despite a supply deficit in the platinum market, prices have plunged by about 23 per cent since the start of this year; (above) the Mponeng mine near Carletonville, west of Johannesburg.

London

PLATINUM, used in the production of catalytic converters, crashed last week to the lowest price in 6.5 years on the back of Volkswagen's pollution cheating scandal.

The precious metal, which also has been weakened in recent months by worries linked to the flagging global