August 4, 2008
Spot Palladium Suffers
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Continuing bad news from auto manufacturers saw spot palladium hit $356 an ounce, a seven month low on Friday, before recovering $11 to finish at $363.50/371.50 by the New York close.
Along with platinum and rhodium, the metal is a vital component of catalytic converters in exhaust systems, which account for some 50% of all usage.
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