TOKYO -- The asking price for precious metals commonly found in catalytic converters has fallen to lows not seen in several years as demand declines in China, the world's largest automobile market.
Commodities
Catalytic converter metals tumble in price on China slowdown
Dependent on automotive demand, palladium and rhodium slide to 4-year lows
A machine engraves a palladium ingot at a plant in the Russian city of Krasnoyarsk. Russia produces 40% of the world's palladium. © Reuters
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