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South African platinum miners strike to continue

  • Wednesday, June 18 2014 @ 02:19 PM EDT
  • Views: 3,135
Other The ongoing strikes at South African platinum mines do not seem to be over anytime soon as the industry's union (ACMU) has made some brand new demands of the mining companies. This does not look good for platinum mining in South Africa, which accounts of 80% of worldwide platinum mining, but should be a positive for the price of the precious metal/commodity.

Can the price of platinum hold up if a solution to this dispute were to suddenly be achieved and the strikes were to end? The platinum mining companies, the miners and the South African economy have been huge losers in this strike so far. Surely they'll all want to start making money again.

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