BHP Billiton Limited (BHP.AX)

Platinum loses shine amid BHP's vast Anglo bid

Platinum prices are rising due to tight supplies although the metal has fallen out of favour as miner Anglo American seeks to offload assets and fight a vast takeover bid from Australian rival BHP. The metal is used in the manufacture of catalytic converters for high-polluting petrol engines -- but demand has long been forecast to slump as more drivers switch to greener electric cars.- Tight platinum supplies- Despite the longer-term downtrend, platinum prices have swung higher in recent weeks d