Chart of the week: platinum loses its shine
Platinum prices have ticked up from a seven-year low in January. But a slowdown in Europe may temper demand, and recycling has added to supplies and helped make up for production declines in South Africa.
A slowdown in Europe may temper demand for cars with diesel engines, in which platinum is used for catalytic converters.The market is set to be in deficit this year, but above-ground stocks look ample.
Viewpoint
Neil Collins, Financial Times
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