Mining News

Switch to platinum by automakers will weigh on palladium prices

Platinum prices are expected to steadily rise over the next two years and palladium prices to gradually fall as automakers switch to using platinum in autocatalysts to cut costs, a Reuters survey Thursday showed. Both metals are used in engine exhausts, where they neutralise harmful emissions. Platinum is also used in other industries such as glassmaking, in jewellery and for investment.

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