Matthey

"Over the last 20 years Russia has been a swing factor in palladium," said Tim Murray , general manager of U.S. operations at Johnson Matthey, a precious-metals refiner and specialty chemicals company.

Palladium Prices Likely to Rise as Russia Plans to Cut Sales Tatyana Shumsky 2011

"The broader European economic picture is sort of holding metals markets hostage," said Tim Murray , general manager of U.S. operations for Johnson Matthey, a precious-metals refiner and specialty chemicals company.

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Platinum and palladium are widely used in car-exhaust filters, known as catalytic converters, with auto-catalyst demand accounting for about 46% of platinum and 61% of palladium consumption, according to specialty chemicals company Johnson Matthey PLC.

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About 80% of world palladium reserves are located in southern Africa, primarily in South Africa and Zimbabwe, Johnson Matthey said in a report.

Palladium Prices Likely to Rise as Russia Plans to Cut Sales Tatyana Shumsky 2011

Actor Giles Matthey, whose only credit is an appearance on The Good Wife last October, will assume the fairy wings previously worn by Neil Hopkins, who played the role in an episode last season.

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Platinum and palladium are primarily used in car exhaust filters, known as catalytic converters with auto-catalyst demand accounting for around 46% of platinum and 61% of palladium consumption, according to specialty chemicals company Johnson Matthey PLC.

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Johnson Matthey , whose main business is making vehicle catalysts, climbed 4% after reporting a 19% rise in underlying pretax profit for the fiscal first quarter and saying that its first-half results should be "significantly ahead" of a year earlier.

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Other strong performers included specialty-chemicals concern Johnson Matthey , which rallied 4% after reporting a 19% rise in underlying pretax profit for the fiscal first quarter and saying that its first-half results should be "significantly ahead" of a year earlier.

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On March 31, MAN named Philip Matthey as chief compliance officer after his predecessor, Olaf Schneider , left the company to join Siemens AG.

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Johnson Matthey estimates that 61% of global palladium production goes to make automotive catalysts, or car-exhaust filters, for gasoline and diesel vehicles.

Palladium Prices Likely to Rise as Russia Plans to Cut Sales Tatyana Shumsky 2011