Market fundamentals are sufficient to support rhodium prices near the current $1,000/oz level, despite reduced usage in automobile catalytic converters, according to analysts with A-1 Specialized, one of the largest recyclers of platinum-group metals in the US.
"Underlying fundamentals for rhodium appear sufficient to justify a longer-term floor in the price of the metal near current levels, values also reached at the trough of this cycle in late-2008," A-1 analysts said in a report...............................................Full Article: Source
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