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Bloomberg.com reports that although precious metals, including palladium, are experiencing a record-breaking year, platinum is not.
Bloomberg.com reports that although precious metals, including palladium, are experiencing a record-breaking year, platinum is not.
The story is quoted as saying:
Palladium is benefitting as state inventories dwindle in Russia, the largest producer, and China favors the metal for catalytic converters in gasoline-powered automobiles. Car sales in China, the world’s fastest-growing major economy, and the U.S. may rise 3 percent in the fourth quarter from the third, according to J.D. Power Automotive Forecasting in Oxford.