Thursday, June 7, 2007

Platinum Climbs in London on Demand for Auto Catalysts; Palladium Rises

(Bloomberg) -- Platinum rose for a second consecutive
day in London on expectations that demand for auto catalysts,
made with the precious metal, will expand. Palladium, also used
in the pollution-control devices, gained.

Johnson Matthey Plc, maker of a third of about 100 million
catalysts sold worldwide every year, is expanding in Russia and
South Korea, adding to growing markets in China and India, the
company said a report today. Legislation to limit emissions is
spreading to trucks and mining equipment.


Read more at Bloomberg Commodities News

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