Rhodium Contract Sales
12 April, 2006
Anglo Platinum announces that in terms of existing long-term confidential contractual arrangements with several customers a portion of sales of rhodium metal is being made at prices significantly below the current spot price.
The arrangements are such that if the current price of rhodium of US$4 500/oz remains in place to 31 December 2006, Anglo Platinum’s average price achieved for the year will be US$3 523/oz. If the price of rhodium is US$3 500/oz for the same period Anglo Platinum’s average price achieved will be US$3 136/oz.
As a result of massive historic movements in the price of rhodium and the likely damage caused thereby to sustainable rhodium demand, these contractual arrangements were put in place to provide users with increased certainty in developing and planning their technology applications.
For further information, please contact
Trevor Raymond
+2711 373-6462
+2782 654 8467