(Bloomberg) -- Platinum rose for a sixth consecutive
session, the longest rally in more than a year, as a potential
strike in South Africa took the focus from a possible slowdown in
demand from carmakers, the biggest users. Palladium dropped.
Platinum supplies are threatened by ``widespread South
African industrial action'' as wage talks that started last month
still aren't settled, UBS AG analysts led by London-based Daniel
Brebner wrote in a report yesterday. Prices had dropped on
declining car registrations in Germany, Europe's biggest economy.
Read more at Bloomberg Commodities News
session, the longest rally in more than a year, as a potential
strike in South Africa took the focus from a possible slowdown in
demand from carmakers, the biggest users. Palladium dropped.
Platinum supplies are threatened by ``widespread South
African industrial action'' as wage talks that started last month
still aren't settled, UBS AG analysts led by London-based Daniel
Brebner wrote in a report yesterday. Prices had dropped on
declining car registrations in Germany, Europe's biggest economy.
Read more at Bloomberg Commodities News
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