Friday, July 6, 2007

Platinum Falls in London on Car Demand Speculation; Palladium Declines

(Bloomberg) -- Platinum fell for the first time this
week on speculation slowing car demand in Europe may add to a
surplus of the metal used mostly in catalysts to reduce vehicle
pollution. Palladium dropped for a second consecutive day.

New car registrations in Germany, Europe's biggest economy,
fell 7 percent in June compared with a year earlier, the Federal
Motor Vehicle Office in Flensburg said on July 4. French car and
light-truck sales dropped 3 percent in June.


Read more at Bloomberg Commodities News

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