Platinum, Palladium Slump on Concern Demand Will Wane on Japan Earthquake

Bloomberg reported that platinum and palladium prices are lower following the closure of Japan plants due to the recent earthquake.

The market news is quoted as saying:

Palladium for immediate delivery slumped as much as $30, or 4 percent, to $716.75 an ounce, the lowest price since Dec. 8, and was at $717.75 at 11:53 a.m. in London.

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