Among other metals traded on Comex, December copper HGZ5, +0.37% added 1.1 cents, or 0.5%, to $2.308 a pound.October platinum PLV5, +1.69% lost $5.10, or 0.5%, to $932.40 an ounce, extending losses in the wake of Tuesday’s 3.7% drop.
“Platinum’s tie-in to diesel engines will not be doing it any favours,” following the Volkswagen scandal, said Adams, in a note Wednesday.
But palladium, which isn’t used as much in diesel cars, saw its December contract PAZ5, +1.39% jump $34.75, or 5.7%, to $645.70 an ounce after a 0.8% loss a day earlier.
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