Business

South African strike pushes platinum prices up

By The Associated Press
Published May 22, 2014 8:03pm ET
Add Washington Examiner on Google

Platinum and palladium are hitting their highest prices this year as a mining strike in South Africa continues to cripple production.

Platinum for July delivery surged $18.20 to settle at $1,493.10 an ounce. Palladium for June rose $6 to $836.45 an ounce. That’s the highest settlement price since Feb. 2011, according to FactSet data.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.

Tag:

Labor Labor unions South Africa