Platinum stockpiles rise as new emission era nears

Newswire

NEW YORK, May 17 (Reuters) - Automotive purchases of platinum rose 23 percent in 2003 as U.S. car makers replenished inventories of the operative element in emissions control systems before tough tailpipe pollution rules take effect this year, according to a study released on Monday. Rising sales of diesel cars in Europe, the retrofitting of catalysts to heavy duty vehicles in Japan, and changes to overall ratios of platinum and palladium used in catalytic converters were also factors, ...

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