News Summary: Platinum up on violent mine dispute

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PLATINUM’S GAIN: The price of platinum surged as violent protests continued for a sixth day outside a South African mine owned by the Lonmin PLC, the world’s third-largest platinum producer. Lonmin says it is unlikely that it will meet its full-year production targets because of lost work time.

HOUSING HOPES?: Most commodity prices rose after the government said July applications for building permits rose 6.8 percent. That’s raised expectations that demand for commodities such as oil and copper could improve.

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