Tuesday, May 8, 2007

Platinum Falls After Northam Says Strike at Mine in South Africa May End

(Bloomberg) -- Platinum fell after Northam Platinum Holdings Inc. said workers at its mine in South Africa, the world's biggest producer, may be ordered to end a strike, clearing the way for higher output. Palladium gained.

An urgent interdict granted yesterday allows Northam to force workers back on the job within 48 hours. Platinum has climbed 3.4 percent since the strike began April 29.


Read more at Bloomberg Commodities News

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