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Molycorp, Inc. Message Board

  • floodswimmer floodswimmer Oct 1, 2013 4:22 PM Flag

    Electric cars will spell the end of platinum-group metals prices.

    I own this and a bunch of other metals stocks, but something struck me today. More than 80% of this stuff is used in catalytic converters. As we shift away from oil, the prices of these metals are going to drop. I'm going to get out of the catalytic converter business this year. Word to the wise: you might want to take your profits next chance you get at walk away. Now neodymium, on the other hand...

    Sentiment: Hold

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