Thursday, May 10, 2007

Platinum Drops as South African Supply Concerns Ease; Palladium Declines

(Bloomberg) -- Platinum fell for the third-straight day in New York after a strike ended in South Africa, the world's largest producer of the metal. Palladium dropped.

Northam Platinum Holdings Ltd. said this week it reached an agreement that halted a walkout by about 5,500 workers. Global mine production was forecast to rise 4.2 percent this year, led by expansion in South Africa, London-based research-company GFMS Ltd. said last month.


Read more at Bloomberg Commodities News

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