Friday, May 18, 2007

Platinum, Palladium Gain on Speculation That Demand in China May Increase

(Bloomberg) -- Platinum and palladium gained in
London on speculation economic growth will spur demand for
automobiles in China, the fastest-growing market for both
metals.

China's spending on factories, roads and other
infrastructure climbed more than 25 percent in the first four
months this year, exceeding last year's growth rate, the
National Bureau of Statistics said.


Read more at Bloomberg Commodities News

No comments: