Platinum, Palladium Decline as New Catalyst From Nissan Reduces Metal Use

(Bloomberg) -- Platinum and palladium fell in London
after Nissan Motor Co. announced new technology that may slash
demand for the metals used in catalytic-converters.

Nissan developed a gasoline-powered catalyst that uses half
the platinum, palladium and rhodium in existing technology, the
company said in a statement today. Platinum usage in catalytic
converters rose 11 percent last year to a record, London-based
catalyst producer Johnson Matthey Plc said in May.


Read more at Bloomberg Commodities News