(Bloomberg) -- Platinum was little changed in New
York, heading for a weekly decline, after Anglo Platinum Ltd.,
the world's largest producer of the metal, raised a wage offer
in an attempt to avert a strike in South Africa.
Anglo Platinum is offering pay raises of 8 percent to
10 percent, after a 7 percent increase was rejected, Solidarity
labor union said. At Impala Platinum Holdings Ltd., the world's
second-largest producer, workers in South Africa turned down an
increased pay offer this week. The country produces about
80 percent of the world's platinum.
Read more at Bloomberg Commodities News
York, heading for a weekly decline, after Anglo Platinum Ltd.,
the world's largest producer of the metal, raised a wage offer
in an attempt to avert a strike in South Africa.
Anglo Platinum is offering pay raises of 8 percent to
10 percent, after a 7 percent increase was rejected, Solidarity
labor union said. At Impala Platinum Holdings Ltd., the world's
second-largest producer, workers in South Africa turned down an
increased pay offer this week. The country produces about
80 percent of the world's platinum.
Read more at Bloomberg Commodities News
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