Fed up with the high cost and unpredictable supply of palladium, used in catalytic converters, General Motors Corp. is aiming to reduce use of the precious metal by 40%-60% during the next three to four years. As much as half of that reduction might be attained this year, says a company spokesman. “We're trying to reduce our dependence on palladium. We want stable supplies at predictable costs.” Palladium has risen from $120 an ounce in 1997 to all-time highs of over $1,000 per ounce in ...
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