LONDON, April 16: Precious metals markets fell back in European trading on Wednesday with palladium slumping to six-year lows on a grim demand outlook for the metal. Palladium, used mainly as a technology fix to curb harmful car exhaust fumes, slid under $160 an ounce to touch its lowest point since 1997.
Car manufacturers and other industrial users turned their back on the metal — which is supplied mainly from Russia and South Africa — on poor global demand for their vehicles.— Reuters
