21
January
Platinum Imports by China Jump in 2010 on Car Sales; Silver Exports Drop
21 January 2011 Bloomberg.com
Platinum imports by China, the biggest car market, jumped 40 percent in 2010 as robust vehicle sales fueled demand for the precious metal. Silver exports fell on rising domestic consumption.
Shipments of platinum climbed to 75.9 metric tons last year, the General Administration of Customs said in an e-mailed report today. Imports last month were 9 tons, it said. Platinum is used in jewelry and in pollution-control devices.
