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Oil Collapse Means One Precious Metal Is Now Rarer: Commodities

2015-01-20 19:05:21| Auto Dealers - Topix.net

While each car requires only a few grams of palladium, demand in 2015 will probably exceed supply for a fourth consecutive year, according to Johnson Matthey Plc, a maker of catalytic converters for automobiles that use the metal to reduce harmful tailpipe emissions. Global car sales rose 3.4 percent last year to a record 81.6 million vehicles, Macquarie Group Ltd. said in a report last week.

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