Platinum Slumps to Five-Year Low on Europe Growth Concern – Bloomberg 10-01-14

Salient to Investors:

  • Europe accounts for 25% of global demand: platinum is used in diesel vehicles and the biggest diesel-auto market is in Europe.
  • Johnson Matthey said catalytic converters in cars account for 38% of platinum demand.
  • Platinum’s 60-day historical volatility is the lowest since February 1997 amid fading investor interest.

Read the full article at http://www.bloomberg.com/news/2014-10-01/platinum-slides-to-5-year-low-as-demand-wanes-after-strike-ends.html

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