Demand for ruthenium is expected to fall this year because of high prices and greater use of recycled material in the electronics industry, Johnson Matthey said in a report on Monday.

Ruthenium prices started 2007 at $610 an ounce, jumped to $870 in February and ended the year at $415, the London-listed company said.

The metal is a byproduct of platinum production. Prices RUTH-LON are currently at around $350 an ounce.

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