Rhodium Seen by Deutsche Bank Benefiting Over Palladium in Cars
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The lowest price of rhodium relative to palladium in at least 12 years will encourage carmakers to switch the mix of precious metals used in catalytic converters in favor of rhodium, according to Deutsche Bank AG.
An ounce of rhodium bought 1.3 ounces of palladium on July 24, the lowest since at least January 2001, according to data compiled by Bloomberg. Deutsche Bank said the ratio was the lowest in 20 years. Rhodium fell 8.3 percent this year to $990 an ounce while palladium rose 5.1 percent to $739.88 an ounce.