UPDATE 1-Rhodium jumps as auto makers scramble for material

Newswire

(Adds details, quotes, background, byline) By Pratima Desai LONDON, Nov 23 (Reuters) - Prices of precious metal rhodium have surged this week to around $6,775 an ounce, the highest levels since 1980 on strong demand from consumers in the auto manufacturing sector, traders said on Friday. Rhodium prices are up more than 7 percent since the beginning of November and since January this year they have gained more than 20 percent. Expectations are that prices will move towards the record ...

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