By Nicholas Larkin
Rhodium, the past year’s worst- performing metal, is poised to rebound as record car sales curb a supply glut at a time when producers are idling unprofitable mines and postponing spending on new projects.
The surplus will decline 62 percent to 52,900 ounces this year, the least since 2008, as production contracts, Morgan Stanley estimates. The car industry, which uses rhodium-coated catalytic converters, Read more
By Allen Sykora
China’s fabrication demand for palladium and rhodium rose in 2010 due to auto and other industrial uses, while platinum demand fell because of lower jewelry consumption, CPM Group said in its Platinum Group Metals Yearbook 2011 released Tuesday.
China has become one of the world’s biggest consumers of a wide range of commodities, and the consultancy has been expanding coverage of the country in all of the precious-metals yearbooks it produces. Read more