Rhodium arrows towards 1980 peak of $7,000


By Martin Hayes LONDON, May 19 (Reuters) - Rhodium jumped to a 26-year high on Friday due to endemic supply tightness, and prices look set to exceed 1980's all-time record of $7,000 an ounce soon. Traders said an already tight market for rhodium, used in the manufacture of autocatalysts and in glass-making, was being sqeezed further by speculators buying a metal that has jumped 105 percent this year. "Definitely it will hit that historic high soon. How high can it go -- who knows?" a ...

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