Platinum and palladium prices are rising as a dispute between Russia and Ukraine along with a strike in South Africa push prices up.

Palladium for June delivery gained $16.30, or 2 percent, to settle at $802.30 an ounce. Platinum for July rose $5.70 to $1,409.60 an ounce. Russia and South Africa produce roughly 80 percent of the world’s palladium.