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Soaring platinum prices take Zimplats on a wild ride

ZIMBABWE Platinum Mines (Zimplats) has drawn a red flag on the Australian Stock Exchange after its shares surged 10.25% to a record following strong overnight platinum price gains.

Greg Tubby

Platinum for delivery in three months rose US$9.80 to US$629.50 an ounce on the New York Mercantile Exchange yesterday. The contract has risen more than 11% since November 1. Zimplats told the ASX there...

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