By 2025, about 850,000 ounces of palladium used in autocatalysts could be substituted with platinum, “thereby rebalancing both markets, ” Morgan Stanley said on Dec. 11
NEW YORK: Investors have taken a shine to platinum.
Long-only exchange-traded funds focused on the precious metal used to curb emissions from diesel cars attracted US$850mil this year through Monday, the biggest annual inflow. Hedge funds and other large speculators boosted their bullish bets on platinum to the highest in more than three years.
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