Car makers less palladium averse after price plunge

Newswire

By Alden Bentley NEW YORK, March 27 (Reuters) - Car companies are fiddling with the ratios of precious metals used in auto antipollution systems after the price of palladium plunged this week, balking at paying sky-high prices for platinum when the two are almost interchangeable in many vehicles, industry sources said. Platinum hit a 23-year high this month at $707 an ounce. That is not to say Detroit's Big Three are revved up to race back and buy palladium after it dropped below $200 ...

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