Mon, Jul 28, 2014, 10:46 PM EDT - U.S. Markets closed


% | $
Click the to save as a favorite.

North American Palladium Ltd. Message Board

  • pacenet_2000 pacenet_2000 Apr 28, 2013 7:17 PM Flag

    Mines to close, wages to rise?

    The wires have stories about agreements on up coming mine closure in SA. I doubt it. If they close, without adequate compensation to the workers, they will riot. They also are demanding increases of like 20% and this is on top of surging electricity costs in that area too. Bottom line; South African pt/pd producers are being squezed from all sides and can't be making money. Sooner or later, one way or another, production will have to drop.

    "Platinum has just not had the kind of speculative selloff that either gold or silver had. It's been supported by industrial buying."

    Sentiment: Strong Buy

0.2999-0.0001(-0.03%)Jul 28 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.