The platinum market extended last week's sharp rally during overnight trading, and reached the highest price levels seen since early in July. Major South African producer Lonmin reportedly was asking their employees to come back to work, suggesting that conditions were now safe. With a low to high rally in October platinum of $99 an ounce from the August lows, the fear of more lost production might not be easily offset during this week's trading. The death toll from recent violence has risen to 34, which may leave the Lonmin situation in market news headlines for a while longer.
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