Possible End to South African Miners Strike Brings Palladium Down

by on

The world’s three largest platinum producers are meeting with union officials to try to end South Africa’s longest mining strike after talks yesterday following an increased pay offer failed to break the three-month deadlock, Businessweek reported.

With a decline of 2.3 percent to $776.00 per ounce on Tuesday, April 22, US palladium bar recorded the biggest price drift of the day. The price of Japanese palladium bar remained steady at JPY 2,640 ($25.71) per gram. Chinese palladium bar stayed flat at around CNY 181.00 ($29.05) per gram.

* Get the complete prices every day on the MetalMiner IndX℠

US platinum bar closed 0.7 percent lower at $1,398 per ounce. At CNY 301.00 ($48.32) per gram, the price of Chinese platinum bar was essentially unchanged. Japanese platinum bar saw little change in its price on Tuesday at JPY 4,635 ($45.14) per gram.

The price of US gold bullion moved yesterday. After a few changeless days, prices dropped 0.9 percent to $1,290 per ounce. The price of Chinese gold bullion steadied at CNY 257.50 ($41.33) per gram following two-days of dropping prices. The price of Indian gold bullion held steady at INR 27,878 ($460.87) per 10 grams. The price of Japanese gold bullion showed little movement on Tuesday at JPY 4,253 ($41.42) per gram.

US silver ended the day at $19.44 per ounce, after the 1.1 percent drop yesterday. The price of Chinese silver flattened at CNY 4,025 ($646.09) per kilogram after two days of downward movement. At INR 43,504 ($719.19) per kilogram, the price of Indian silver was essentially unchanged. The price of Japanese silver held steady at JPY 641.00 ($6.24) per 10 grams.

{Comments Off on Possible End to South African Miners Strike Brings Palladium Down Comments Off on Possible End to South African Miners Strike Brings Palladium Down}