Platinum Heading for Worst Year Since 2006

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.

To access the full story, click here.