Wednesday, May 9, 2007

Platinum Falls for Second Day as South Africa Strike Ends; Palladium Drops

(Bloomberg) -- Platinum prices in New York fell for a second day after a strike ended at the South Africa mine owned by the world's fourth-largest producer. Palladium also dropped.

Northam Platinum Holdings Ltd. said yesterday it reached an agreement with the National Union of Mineworkers, halting the strike at its lone mine. Platinum climbed 4.5 percent during the walkout by about 5,500 workers, which began on April 29.


Read more at Bloomberg Commodities News

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