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Platinum soars 3.0 pct. as car makers turn to EV production

The price of platinum increased more than 3.0 percent on Wednesday as vehicle manufacturers across the globe focus on electric vehicle output after the Biden administration unveiled its plan to tackle climate change.

NEWS IN ENGLISH 10.02.2021, 17:32
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Platinum soars 3.0 pct. as car makers turn to EV production
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The Ford Motor Company is reportedly set to start production of its first fully electric car in Germany, while Nissan pledged to focus on building electric vehicles in the future.


Meanwhile, the world's leading EV manufacturer Tesla unveiled it is getting closer to finishing construction of its new research and development (R&D) center in Shanghai, the company's first R&D facility outside the United States.


Platinum jumped 3.02 percent to trade for 1,218.47 dollars per ounce. The price of palladium advanced 1.0 percent to go for 2,347.64 dollars per ounce a minute later, gold added 0.35 percent to sell for 1,842.52 dollars per ounce, and silver gained 0.41 percent concurrently, trading at 27.33 dollars per ounce.

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