Clearing Out Palladium, Platinum Stores

Reuters reported Johnson Matthey and Deutsche Bank are planning to clear out its stores of platinum and palladium to continue its hold on the industrial metals market.

As quoted in the market news:

Germany’s largest bank said it would offer storage for platinum and palladium in ingot, plate and sponge form for its clients, together with Johnson Matthey, one of the world’s largest refiners and recyclers of platinum group metals (PGMs), which are used predominantly in catalytic converters to cut harmful vehicle emissions.

Click here to read the full Reuters report.