News Update: BHP Billiton And Rio Tinto Get Threats Of Titanium Mill Strikes In South Africa

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There have been reported threats of strikes at titanium mills belonging to BHP Billiton (NYSE:BHP) and Rio Tinto (NYSE:RTP) in South Africa, which may influence the price of titanium if they take place South Africa is responsible for approximately one-fifth of the world's titanium supply. Work has already been halted at Exxaro's site, however the company doesn't see supply disruption happening at this stage. Shares of BHP Billiton are trading flat while Rio Tinto is trading 0.4% higher despite the threats. SmarTrend alerted subscribers to take profits in BHP Billiton on August 17, 2010 at $70.38, since then the stock fell 4.1%. We are now watching for any positive developments that could result in a new uptrend signal.