(Bloomberg) -- Platinum and palladium futures gained
in New York on speculation that demand from the auto industry
will be strong.
Automaker demand for platinum grew 35 percent last year and
palladium demand gained 33 percent, London-based Johnson Matthey
Plc said this week. Both metals are used in catalytic converters
to reduce pollutants produced by cars. Before today, platinum had
gained 15 percent this year, partly on speculation that
industrial demand for the metal will gain.
Read more at Bloomberg Commodities News
in New York on speculation that demand from the auto industry
will be strong.
Automaker demand for platinum grew 35 percent last year and
palladium demand gained 33 percent, London-based Johnson Matthey
Plc said this week. Both metals are used in catalytic converters
to reduce pollutants produced by cars. Before today, platinum had
gained 15 percent this year, partly on speculation that
industrial demand for the metal will gain.
Read more at Bloomberg Commodities News
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