(Bloomberg) -- Platinum rose in London, erasing an
earlier decline, on speculation demand from automobile companies
will more than make up for any drop in jewelry usage.
Platinum use in jewelry has fallen every year since 2002 as
increased demand from automakers drove prices higher, according
to London-based researcher GFMS Ltd. Automobile demand for
catalysts that use platinum has climbed because of tightening
emissions regulations in North America, Europe and Asia.
Read more at Bloomberg Commodities News
earlier decline, on speculation demand from automobile companies
will more than make up for any drop in jewelry usage.
Platinum use in jewelry has fallen every year since 2002 as
increased demand from automakers drove prices higher, according
to London-based researcher GFMS Ltd. Automobile demand for
catalysts that use platinum has climbed because of tightening
emissions regulations in North America, Europe and Asia.
Read more at Bloomberg Commodities News
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