Tuesday, May 8, 2007

Platinum Declines in Asian Trading After South African Mine Strike Ends

(Bloomberg) -- Platinum fell in Asian trading today after Northam Platinum Holdings Ltd., the fourth-largest producer, yesterday said a strike ended at its South Africa mine.

The National Union of Mineworkers agreed with Northam to go back to work producing the metal, the Johannesburg-based company said yesterday. Platinum had gained 4.3 percent from April 29, when the strike began to the day before it ended.


Read more at Bloomberg Commodities News

No comments: