Auto recovery in H2 '09 will boost rhodium-StanChart


LONDON, Feb 26 (Reuters) - Standard Chartered said on Thursday it expects rhodium prices to pick up in the second half of this year as the auto sector starts to recover. The London-listed bank expects prices of rhodium, a by-product of platinum production, to average $1,500 a tonne in the second half of this year and $2,500 a tonne next year. That compares with current levels around $1,150 a tonne . "From the middle of the year the auto sector should start to come back to life, helping ...

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