Articles Tagged "Palladium Market News"

North American Palladium Producers Could Do Well in Light of Strikes

Palladium – Writing for Seeking Alpha, contributor David White suggested that North American palladium producers could stand to do well in light of ongoing strikes in South Africa, specifically taking a look at North American Palladium (TSE:PDL) and Stillwater Mining Co.(NYSE:SWC).

New Mining Minister Vows to End South African Strike

Palladium – The Wall Street Journal reported that South Africa's new mining minister, Ngoako Ramatlhodi, has indicated that he will accelerate transformation of the mining industry in that company and end a protracted PGM mine strike in the region. Major PGM miners Anglo American Platinum (LSE:AAL), Impala Platinum (JSE:IMP) and Lonmin (LSE:LMI) have been locked in a wage dispute with the Association of Mineworkers and Construction Union since the start of this year.

Palladium Prices Reach Three Year High as Strike Violence Escalates

Palladium – The Wall Street Journal reported that palladium prices reached almost a three year high on Wednesday, bolstered by intensifying violence in an ongoing South African miners strike. According to the Journal, striking mine workers blocked their counterparts from returning to work. Palladium has also been lifted by ongoing tensions between Russia and the Ukraine.

South African PGM Producers to Sidestep AMCU, Contact Workers Directly

Palladium – Reuters reported today that in the latest move by producers Implats, Amplats, and Lonmin in an ongoing South African Miners strike, the producers have plans to circumvent the Association of Mineworkers and Construction Union by taking a wage offer directly to mine workers. The plan comes after discussions between the miners and the AMCU failed to yield a resolution last week.