Tuesday, June 19, 2007

Platinum Is Little Changed as Impala Resumes Labor Talks; Palladium Rises

(Bloomberg) -- Platinum was little changed in New
York as Impala Platinum Holdings Ltd. resumed labor talks,
easing the threat of a strike that might cut production in South
Africa. Palladium rose.

The National Union of Mineworkers today rejected a wage
offer from Johannesburg-based Impala, union spokesman Lesiba
Seshoka said. Impala, the world's second-biggest platinum
producer, refused to make an offer last week, prompting the NUM
to declare a dispute that paved the way for a possible strike.


Read more at Bloomberg Commodities News

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