As with the rest of the precious metals complex, platinum made another large selloff early this morning. In the process, October platinum reached down to the lowest price level since September of 2010. Fears of a return to recession and a lack of optimism toward precious metals in general, are widely seen as presenting a difficult environment for platinum prices to contend with. A major US carmaker downgraded their outlook for the Chinese auto market this year due to the end of government tax incentives and subsides, which may have a negative impact on Chinese industrial platinum demand through the rest of this year.