Palladium takes a tumble as PGM and AMCU agree in principle wage deal, in a bid to put a stop to the 5 month long strike.
Palladium has fallen off its podium as the news emerged that the precious metal group and the AMCU have reached an agreement in principle regarding South Africa’s longest ever mining strike in 130 years.
Many hope this singles the end of the strike, which has seen severe consequences for all stakeholders. Even if the wage talks are finalised there will be a period of catching up therefore their remains a good upside risk as miners begin the lengthy procedure of getting operations up and running.
This signals a great time for investors as the correction provides a very attractive entry point.
Platinum has also fallen which again presents a good buying opportunity for the wise.