(Bloomberg) -- Platinum rose in New York on
speculation that strikes may disrupt supplies from South Africa,
a source of 78 percent of the metal. Palladium also gained.
State officials in South Africa are mediating in pay talks
between unions and management at Anglo Platinum Ltd. and Impala
Platinum Holdings Ltd., the world's two biggest producers of the
metal. Mediation is a necessary step before unions can call a
strike. Pay talks at Northam Platinum Holdings Ltd. ended without
an agreement yesterday.
Read more at Bloomberg Commodities News
speculation that strikes may disrupt supplies from South Africa,
a source of 78 percent of the metal. Palladium also gained.
State officials in South Africa are mediating in pay talks
between unions and management at Anglo Platinum Ltd. and Impala
Platinum Holdings Ltd., the world's two biggest producers of the
metal. Mediation is a necessary step before unions can call a
strike. Pay talks at Northam Platinum Holdings Ltd. ended without
an agreement yesterday.
Read more at Bloomberg Commodities News
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