“South African output of platinum-group metals sank the most on record in May after a strike halted production at the world’s three biggest producers. A five-month strike by more than 70,000 miners at Anglo American Platinum Ltd., (AMS)Impala Platinum Holdings Ltd and Lonmin Plc (LMI) cost the companies 23.9 billion rand ($2.2 billion) in revenue and workers 10.6 billion rand in wages by the time it ended on June 24. The stoppage pushed South Africa’s economy into contraction in the first three months of this year as production plunged in the country that accounts for more than two-thirds of global mined supply of the metal.”
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