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Platinum, palladium price react as strikes drag on

Posted on 18 February 2014

A prolonged strike at South Africa’s PGM mines is finally beginning to impact prices of the metals. Workers at the world’s three largest platinum producers, Anglo American Platinum, Imapala Platinumm and Lonmin, have been on strike for more than three weeks.
Together the South African companies’ mines produce 3.5 million ounces in 2012; almost 60% of the world’s platinum. South Africa together with Russia control more than three-quarters of world supply………………………………………..Full Article: Source


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