South African Unions Threaten Platinum Production

Bloomberg reported a fight between two unions in South Africa is threatening to spread across the platinum producing region slowing production.

As quoted in the market news:

Already this year fighting between the 30-year-old National Union of Mineworkers and the insurgent Association of Mineworkers and Construction Union, or AMCU, has led to four deaths and a strike that closed the world’s biggest platinum mine, Impala Platinum Holdings Ltd.’s (IMP) Rustenburg operation, for six weeks.

Click here to read the full Bloomberg report.