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Continuing bad news from auto manufacturers saw spot palladium hit $356 an ounce, a seven month low on Friday, before recovering $11 to finish at $363.50/371.50 by the New York close.
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With auto manufacturers accounting for 50% of annual platinum production, last weeks dismal news from car makers saw spot platinum at Fridays New York close down to $1656.50 an ounce after trading down to $1629 during the session.
General Motors announced a second quarter loss of over $15 billion, BMW issued a profit warning and Nissan fell short of its quarterly forecasts.
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auto manufacturers platinum platinum price platinum production
