(Bloomberg) -- Platinum futures rose to a record in
Tokyo as deadlocked wage talks between unions and mines in South
Africa, the world's biggest producer of the metal, raised concern
that production may be crimped.
State officials in South Africa have been called in to
mediate negotiations at Anglo Platinum Ltd. and Impala Platinum
Holdings Ltd., the world's two biggest makers. Mediation is a
necessary step before unions can call a strike. Pay talks at
Northam Platinum Ltd., which reduced its raise demand, also ended
without an agreement yesterday.
Read more at Bloomberg Commodities News
Tokyo as deadlocked wage talks between unions and mines in South
Africa, the world's biggest producer of the metal, raised concern
that production may be crimped.
State officials in South Africa have been called in to
mediate negotiations at Anglo Platinum Ltd. and Impala Platinum
Holdings Ltd., the world's two biggest makers. Mediation is a
necessary step before unions can call a strike. Pay talks at
Northam Platinum Ltd., which reduced its raise demand, also ended
without an agreement yesterday.
Read more at Bloomberg Commodities News
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