Monday, June 18, 2007

Platinum Gains on Production Curb at South African Mine; Palladium Climbs

(Bloomberg) -- Platinum rose in New York after
Anglo Platinum Ltd., the world's largest producer, said it will
cut production at its biggest mine. Palladium also advanced.

Output at the mine in Rustenburg, South Africa, will drop
by as much as 15,000 ounces. The company plans to improve safety
after five workers were killed at the mine in the past two
weeks.


Read more at Bloomberg Commodities News

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