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.
"Stillwater Mining Company Report Clarifies Palladium Fundamentals; Details Provided on Company Website"
"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."