(Bloomberg) -- Platinum and palladium fell in New
York on speculation demand may weaken after Nissan Motor Co.
developed a technology that uses less of the precious metals in
emission-control devices.
The Tokyo-based company said July 27 that its new
autocatalyst requires only half the platinum, palladium and
rhodium of existing models. Makers of the devices buy 54 percent
of the platinum sold each year, according to Helen Henton, head
of commodity research at London-based Standard Chartered Plc.
Read more at Bloomberg Commodities News
York on speculation demand may weaken after Nissan Motor Co.
developed a technology that uses less of the precious metals in
emission-control devices.
The Tokyo-based company said July 27 that its new
autocatalyst requires only half the platinum, palladium and
rhodium of existing models. Makers of the devices buy 54 percent
of the platinum sold each year, according to Helen Henton, head
of commodity research at London-based Standard Chartered Plc.
Read more at Bloomberg Commodities News
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