Monday, June 11, 2007

Platinum Rises on Possible Strike in South Africa; Palladium Also Advances

(Bloomberg) -- Platinum rose the most this month in
New York, rebounding from last week's decline on speculation
miners may go on strike in South Africa, supplier of almost
80 percent of the metal. Palladium also gained.

Wage talks are in their fourth week since Anglo Platinum
Ltd., the world's largest producer, offered a 5 percent raise.
Workers want a 15 percent increase.


Read more at Bloomberg Commodities News

No comments: