(Bloomberg) -- Platinum in New York fell the most in
a month as concerns eased about potential strikes at mines in
South Africa, which produces about 80 percent of the metal.
Palladium also declined.
Before today, platinum rose 1.7 percent this month after
companies including Anglo Platinum Ltd., the biggest producer,
Impala Platinum Holdings Ltd. and Northam Platinum Holdings Ltd.
started wage talks with workers. Unions say near-record prices
for the metal should allow companies to increase wages beyond
inflation, currently at 6.3 percent.
Read more at Bloomberg Commodities News
a month as concerns eased about potential strikes at mines in
South Africa, which produces about 80 percent of the metal.
Palladium also declined.
Before today, platinum rose 1.7 percent this month after
companies including Anglo Platinum Ltd., the biggest producer,
Impala Platinum Holdings Ltd. and Northam Platinum Holdings Ltd.
started wage talks with workers. Unions say near-record prices
for the metal should allow companies to increase wages beyond
inflation, currently at 6.3 percent.
Read more at Bloomberg Commodities News
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