Word: nonplatinum
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Dates: during 1972-1972
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Last month platinum futures reached historic highs in the commodities market, putting purchases scheduled for this fall at $161 per oz. Then a Bell Laboratories report suggesting that nonplatinum catalysts are close at hand pushed prices down. Bell's research was hotly disputed by Engelhard, and the market has lately been gyrating from day to day; last week's closing price was $151. Until it has been decided in the labs, probably by the end of this year, plenty of speculators are betting that the golden age of platinum is not far away...
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