Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Patriot's project will supply lithium to Volkswagen’s battery company PowerCo in Europe and North America.
Exchange traded funds that invest in platinum and palladium were lower in the first half of 2011 on concerns about the global economy, the Japan earthquake and the European debt crisis.
Platinum and palladium are precious metals like gold and silver. However, they are also favored for their industrial uses, such as automobile production.
