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South Africa labor talks sink platinum, palladium

By Washington Examiner
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NEW YORK (AP) — Platinum and palladium prices dropped sharply Monday on signs that South African mining companies are close to reaching a labor agreement that would end a four-month strike.

Platinum for July delivery fell $28, or 2 percent, to close at $1,400.70 an ounce. Palladium for June lost $29.30, or 3.6 percent, to $777.80 an ounce.

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Labor South Africa