Platinum Prices May Get Lift from North American Trucking Companies

IBTimes reported platinum prices could rise next year if North American trucking companies proceed with plans to buy new vehicles, UBS said.

As quoted in the market news,

Such an outlook matters because truck manufacturers must use platinum in the engines’ catalytic converters to meet pollution standards.

By contract, “sentiment in North America is encouraging as respondents point to continued improvement in business conditions such that the outlook for 2012 purchases is bullish,” UBS said Tuesday in a client note.

Click here to read the full IBTimes report.