Aquarius loses as demand drops

Aquarius Platinum, the world’s fourth-biggest producer of platinum, said yesterday it had swung to a full-year net loss of $45.7m (£27.6m) on weaker metal prices and reduced output. Aquarius said production fell to 455,675 ounces from 500,203 ounces in its last financial year, hit by the suspension of operations at its South African Everest mine in December.