| Platinum group metals recovered from early weakness to finish modestly higher. “Prices may have (initially) eased in continued reaction to a reaffirmation that South Africa's three main platinum producers and the AMCU (Association of Mineworkers and Construction Union) have agreed on a broad wage offer to end the long-running strike,” says HSBC.
“PGMs made a comeback on scattered buying as the Impala spokesman said details such as the timeframe and additional benefits are still outstanding, but that the ‘big picture’ on wages had been agreed.” The bank cites a Reuters report saying the union will call a mass meeting this week to decide on the latest company offers. “But this may be a formality as last week thousands of workers and AMCU shop stewards..............................................Full Article: Source
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