Palladium Rises to 39-Month High as S. Africa Talks Fail
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Palladium futures jumped to a 39-month high and platinum posted for the longest rally since April after South African government mediation failed to end a 19-week strike at the largest mining companies. Gold advanced.
Anglo American Platinum Ltd., Impala Platinum Holdings Ltd. and Lonmin Plc said they will consider steps to end the dispute. More than 70,000 mineworkers have been on strike since January in South Africa, the world’s largest producer of platinum and the second-biggest for palladium.