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January 16, 2013 at 18:01 PM EST
Palladium, Platinum Outshine Gold, Silver Over Mine Strike
Platinum and palladium outshined the precious metals complex Wednesday, rallying for a seventh day straight as the world's largest platinum miner in South Africa said it would shut down two mines and lay off 14,000 workers in a labor dispute. Anglo American Platinum's move intensifies a shortfall already expected from strong auto sales, for which the metals are used in emission-control devices. In the futures markets, platinum prices rose 0.54% to
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