01.03.2013 - Rhodium beating platinum to palladium on car sales: Commodities
Rhodium, the scarcest precious metal used in making catalytic converters, is outperforming platinum and palladium for the first time in seven years as global car sales rise to a record. The metal, used with palladium and platinum in pollution- control devices, rose 16 percent this year, about three times the increase of the other two ingredients and 20 times more than the benchmark commodities index. (MXWD) Output will trail demand for four more years after the first deficit since 2007 last year, eroding inventories, Standard Bank Plc’s SBG Securities (Pty) Ltd. unit forecasts...............................................Full Article: Source
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