24.11.2008 - Platinum prices sink on auto industry woes
From Themoscowtimes.com: The U.S. and European automobile industries are screeching to a halt, and they're leaving behind a string of casualties -- not all of which are obvious. Prices for platinum, which 18th-century French monarch Louis XV is said to have called the only metal fit for a king, have fallen 66 percent from their high in March of $2,276 per ounce to as low as $769 last week. And while coronations have fallen off sharply in recent centuries, weakening demand from carmakers is the culprit behind platinum's plummet..... Full Article: Source
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