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ETFS Physical Platinum Message Board

  • dondougie dondougie May 21, 2013 1:17 AM Flag

    isn't platinum and palladium basically the same price for auto makers now- doesn't it take 2x as much palladium than platinum to make a

    catalytic converter for auto makers? Does anyone know for sure. Doesn't it take twice as much palladium to make a catalytic converter for a car so basically both metals are at the same price as Platinum is trading at almost twice the price of Palladium. I remember hearing these numbers several years ago is this still the same ratio? Please help if anyone knows for sure.

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    • Nice work. The fact is in the report "Palladium Fundamentals - 2012 - Stillwater Mining Company"

      • 1 Reply to visit_youarguedotcom
      • Actually from
        "Stillwater Mining Company Report Clarifies Palladium Fundamentals; Details Provided on Company Website"
        it reads:
        "Such fundamentals include the fact that today's gasoline emission catalytic converters, building on technological advances first introduced a decade ago, allow for the substitution of palladium for platinum on a one-for-one, ounce-for-ounce basis. Further, a notable recent development is that today most gasoline catalytic converters manufactured are predominantly palladium-based, contain essentially no platinum, and are augmented only with a small dose of rhodium to facilitate the reduction of nitrogen oxides. The Company observed that the technological advance permitting one-for-one substitution of palladium for platinum apparently has strengthened the market for palladium in gasoline catalytic converters."

 
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