Wednesday, July 25, 2007

Platinum Falls Ahead of South African Mining Wage Talks; Palladium Drops

(Bloomberg) -- Platinum fell in London for a third
consecutive day on speculation pay talks at Anglo Platinum Ltd.,
the world's largest producer of the metal, may lead to an
accord. Palladium declined.

Anglo Platinum, accounting for 53 percent of South Africa's
production of the metal last year, may make an improved pay
offer at tomorrow's meeting, the National Union of Mineworkers
said last week. Platinum has climbed 3.5 percent this month amid
pay talks between South African mining companies and unions.


Read more at Bloomberg Commodities News

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