General Motors Corp. has signed a multiyear contract with OAO GMK Norilsk for the supply of palladium, platinum and rhodium, so-called “precious” metals used in automotive exhaust catalysts. The Wall Street Journal says the Russian company will be one of several precious-metal suppliers to GM, but that the contract is the first by which GM will buy the materials directly from Norilsk. The arrangement, the report says, is part of Norilsk’s strategy to develop longer-term supply ...
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