(Bloomberg) -- Platinum, little changed in New York, may fall after auto catalyst manufacturer Johnson Matthey Plc said a surplus in the metal may widen. Palladium dropped.
Platinum supply exceeded demand by 10,000 ounces in 2006, the first surplus since 1998, the company said in a report yesterday. The surplus may widen this year, Rainaldo O'Meara, a market research manager at Johnson Matthey said. The metal has gained 16 percent this year on speculation demand from industrial users will grow.
Read more at Bloomberg Commodities News
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