July 13 (Bloomberg) — Anglo American Platinum Ltd. and Impala Platinum Holdings Ltd., together making up about two- thirds of platinum supply, face strikes threatening output of the metal that’s trading near the highest in almost three years.
“We are heading for a strike,” the National Union of Mineworkers said in an e-mailed statement today, declaring a dispute with Impala. The country’s biggest union has also “approached members at Anglo Platinum for a mandate to shake the biggest platinum company in the world,” it said.
Anglo and Impala mine mostly in South Africa, accounting for more than three-quarters of world output of platinum used in applications from electronics and jewelry to devices that curb vehicle pollution. The NUM also yesterday declared a dispute with Northam Platinum Ltd., owner of the deepest platinum mine.