Platinum Futures Rise to Eight-Week High on Strike Threat; Palladium Gains

(Bloomberg) -- Platinum rose to an eight-week high
in New York as miners moved closer to strikes in South Africa,
the source of almost 80 percent of the metal. Palladium gained.

Pay talks foundered this week at Anglo Platinum Ltd. and
Impala Platinum Holdings Ltd., the two biggest producers of the
metal. Workers at Anglo Platinum, the world's largest producer,
declared a dispute, a legal step required before a strike can be
called, the National Union of Mineworkers said today.


Read more at Bloomberg Commodities News