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Montana miner to lay off hundreds due to declining palladium prices

Summary by KOB 4

NYE, Mont. (AP) — The owner of the only platinum and palladium mines in the U.S. announced Thursday it plans to lay off hundreds of employees in Montana due to declining prices for palladium, which is used in catalytic converters. The price of the precious metal was about $2,300 an ounce two years ago and has dipped below $1,000 an ounce over the past three months, Sibanye-Stillwater Executive Vice President Kevin Robertson said in a letter to e…

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Montana miner to lay off hundreds due to declining palladium prices

The owner of the only platinum and palladium mines in the U.S. plans to lay off hundreds of employees in Montana due to declining prices for palladium, which is used

1 year ago·United States

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