(Bloomberg) -- Platinum rose in London on
speculation that last week's plunge was overdone, given the
demand from European carmakers for catalysts to reduce pollution.
Palladium fell.
Platinum declined 3.9 percent last week, the biggest drop in
nine months, after Japan's Nissan Motor Co. announced a gasoline-
powered catalyst that uses half the platinum, palladium and
rhodium in existing technology. Platinum catalyst demand in
Europe was three times bigger than Japan's last year, according
to London-based catalyst manufacturer Johnson Matthey Plc.
Read more at Bloomberg Commodities News
speculation that last week's plunge was overdone, given the
demand from European carmakers for catalysts to reduce pollution.
Palladium fell.
Platinum declined 3.9 percent last week, the biggest drop in
nine months, after Japan's Nissan Motor Co. announced a gasoline-
powered catalyst that uses half the platinum, palladium and
rhodium in existing technology. Platinum catalyst demand in
Europe was three times bigger than Japan's last year, according
to London-based catalyst manufacturer Johnson Matthey Plc.
Read more at Bloomberg Commodities News
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