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Palladium hits 6-year high, tracks platinum

Sun Feb 10, 2008 9:19pm EST
 
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 SINGAPORE, Feb 11 (Reuters) - Palladium jumped to its
highest level in six years on Monday to reflect gains in sister
metal platinum as supply worries persisted in main producer
South Africa.
 Palladium <XPD=> rose to $438/443 an ounce from $436/441 an
ounce late in New York on Friday.
 Platinum <XPT=> rose $1,887/1,895 an ounce from
$1,880/1,888 late in New York.
 South Africa has appealed to mining companies for help in
cutting power consumption to ease a power crisis caused by the
failure of electricity generation to match economic growth.
  (Reporting by Lewa Pardomuan; Editing by Tomasz Janowski)

 

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