Standard Chartered sees rhodium above $10,000/oz

Newswire

LONDON, May 23 (Reuters) - Rhodium prices are heading higher and will soon spike through $10,000 an ounce because of supply shortfalls from South Africa, the world's largest producer, Standard Chartered said. Prices of the minor precious metal , used by car makers in autocatalysts and by the glass making industry, are trading around $9,800 an ounce, a jump of more than 50 percent since the start of 2008. The trigger for the price surge this year was the power crisis in South Africa, ...

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