Platinum premium over palladium to fall-analysts

Newswire

LONDON, Aug 28 (Reuters) - Platinum extended a recent relentless climb to a 23-year high this week, but analysts said its massive premium over sister metal palladium could as much as halve in the long term. Just two years ago palladium, which vies with platinum for use in catalytic converters, spiked to over $1,000 an ounce -- almost twice the price of platinum. The surge spurred carmakers to look for ways to use more platinum at the expense of palladium, resulting in the metals' prices ...

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