(Bloomberg) -- Platinum gained in London on
speculation extended wage talks will lead to a strike in South
Africa, supplier of almost 80 percent of the metal that's used
in jewelry and car pollution devices. Palladium rose.
Talks are in their fourth week since Anglo Platinum Ltd.,
the world's largest producer, offered a 5 percent pay raise.
Workers want a 15 percent increase. Global supply beat demand
last year, the first surplus since 1998, London-based metals
trader and manufacturer Johnson Matthey Plc said last month.
Read more at Bloomberg Commodities News
speculation extended wage talks will lead to a strike in South
Africa, supplier of almost 80 percent of the metal that's used
in jewelry and car pollution devices. Palladium rose.
Talks are in their fourth week since Anglo Platinum Ltd.,
the world's largest producer, offered a 5 percent pay raise.
Workers want a 15 percent increase. Global supply beat demand
last year, the first surplus since 1998, London-based metals
trader and manufacturer Johnson Matthey Plc said last month.
Read more at Bloomberg Commodities News
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