Platinum could make up for palladium shortage, says Amplats CEO

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Chris Griffith sees the white metal as an easy solution for catalytic converters

Anglo American Platinum sees its main metal, platinum, as the solution to the deep deficits in palladium, used to make anti-pollution devices on cars. The shortage has pushed prices to record highs.

Amplats returned its second-highest payout to shareholders on the back of higher platinum group metal prices in a market that departing CEO Chris Griffith says will remain in a deficit.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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