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BUZZ-Platinum producers: reaping benefits of weaker rand

Reuters - UK Focus

** Platinum producers outperform peers in broader mining sector as South Africa's rand stays near 5-week lows vs dollar.

** Currency remains weak after Moody's downgrade of country's credit rating on Thursday.

** Impala Platinum (Other OTC: IMPUY - news) , Anglo American Platinum & Lonmin, world's top three producers, rose 1.8 pct to 5.3 pct.

** STOXX 600 Basic Resources sector up 1.5 pct.

** Platinum producers often benefit from a softer rand because it reduces their costs. (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net RM:silvia.antonioli.thomsonreuters.com@reuters.net)