Rhodium prices slip below $1,000/oz on weak demand

Newswire

LONDON, Nov 25 (Reuters) - Rhodium fell below $1,000 an ounce for the first time since August 2004 as the dire economic outlook pressured demand for the metal used in autocatalysts. Rhodium fell to $950 an ounce from $1,225 an ounce on Nov 20. The metal has shed more than 90 percent of its value since it hit an all-time high above $10,000 in June. Along with the other platinum group metals, such as platinum and palladium, the metal has suffered from falling demand from carmakers, who ...

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