UPDATE 1-Carmakers bought 23 pct more platinum in 2003

Newswire

(Adds quotes, details) By Alden Bentley NEW YORK, May 17 (Reuters) - Purchases of platinum by global automakers rose 23 percent in 2003 as U.S. car companies replenished inventories of the operative element in emissions control systems before tough tailpipe pollution rules take effect this year, a study released on Monday said. Rising sales of diesel cars in Europe, the retrofitting of catalysts to heavy-duty vehicles in Japan, and changes to overall ratios of platinum and palladium ...

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