(Bloomberg) -- Platinum fell on speculation slowing
industrial demand will exacerbate a surplus of the precious
metal. Palladium also declined.
Demand for the metal in electronics, car-exhaust systems and
other industrial uses usually slows in summer in the Northern
Hemisphere, said Rory McVeigh, senior platinum trader at
Commerzbank AG in Luxembourg. Supply exceeded demand last year
for the first time since 1998, London-based manufacturer Johnson
Matthey Plc said last month.
Read more at Bloomberg Commodities News
industrial demand will exacerbate a surplus of the precious
metal. Palladium also declined.
Demand for the metal in electronics, car-exhaust systems and
other industrial uses usually slows in summer in the Northern
Hemisphere, said Rory McVeigh, senior platinum trader at
Commerzbank AG in Luxembourg. Supply exceeded demand last year
for the first time since 1998, London-based manufacturer Johnson
Matthey Plc said last month.
Read more at Bloomberg Commodities News
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