(Bloomberg) -- Platinum futures fell in Tokyo for a
first day in five as some traders said more news, including any
developments in labor talks in South Africa, would be needed to
push the metal higher.
South Africa's National Union of Mineworkers rejected an
initial wage offer from Anglo Platinum Ltd., analyst James Steel
of HSBC Securities (USA) Inc. said in a report dated May 31,
raising concern about possible supply disruptions. The news
helped push platinum futures up by 2 percent, or 100 yen, the
Tokyo Commodity Exchange limit on June 1.
Read more at Bloomberg Commodities News
first day in five as some traders said more news, including any
developments in labor talks in South Africa, would be needed to
push the metal higher.
South Africa's National Union of Mineworkers rejected an
initial wage offer from Anglo Platinum Ltd., analyst James Steel
of HSBC Securities (USA) Inc. said in a report dated May 31,
raising concern about possible supply disruptions. The news
helped push platinum futures up by 2 percent, or 100 yen, the
Tokyo Commodity Exchange limit on June 1.
Read more at Bloomberg Commodities News
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