So the Nobel Prize winner, Ei-ichi Negishi, (evidently he won for his work with "palladium-catalyzed cross couplings in organic synthesis") is now working for Sony, and from what I can read in the article, it's "...Sony expects Professor Negishi’s input to be particularly useful in in-house and external research into OLED, flexible OLED and next-gen rechargeable batteries."
anyone interested in oled displays should look at Universal Display PANL, they probably stand to profit the most. It has been on a tear this year and most haven't heard of it yet.
adding more cars on the road globally will require more Pd.
And if we add more net vehicles to the existing stock on the road than previous years, that means growth in Pd demand over previous years.
unless supply matches, price of Pd goes up.
that's all you need to know.
But then you need to decide how to play.
that should get me a Nobel, no?
Whether Pd gets used up or not for a certain application is maybe not so relevant.
traditionally, we think of autocatalyst usage here in the US as all being recyclable with a lot of recycled material used on a current basis.
but more cars being built globally now in emerging mkts where they never even used to use much Pd in their CC's.
But most important, these growth markets are adding net vehicles on the road every year with very few being scrapped so it takes new Pd supply to meet that need.
And since these new vehicles will have useful life of X amount of years, that means that much more Pd used up just to meet the global needs simply because of more cars on the road globally.
question for the board experts to consider is what happens to cost of recovering recycled autocatalyst material going forward?
Are there factors in the process that might make it much more expensuive to recover Pd from CC's in the future?
Pd is "used up" in the cases where the Pd content of the end product makes it uneconomical to attempt recycling. Multi-layer capacitors (MLCs) are an example. The Pd content is do small that it cannot be recycled. The only reason they contribute to demand is that they are made (and discarded) by the billions.
PD used in jewelry can be considered "used up" as jewelry rarely gets recycled.
As far as OLEDs I don't think any PD ends up in the final product but helps synthesize the required organic compounds needed.
By the way, usong Pd to facilitate organic reactions is not new, been used for many years.
these folks "regenerate" the platinum catalyst they use in power stations.......
CoaLogix Inc. is focused on providing innovative services to coal-fired generating facilities to reduce their environmental footprint through technology, optimization and efficiency improvements. CoaLogix owns SCR-Tech, LLC which is the leading provider of selective catalytic reduction (SCR) management services and catalyst regeneration technologies used by coal-fired power plants to reduce nitrogen oxides (NOx) emissions. Currently, coal-fired power plants contain approximately $1.5 billion of catalyst in their SCR systems. CoaLogix integrates leading-edge technologies, a highly skilled workforce, and more than 180 years of combined senior management experience in the environmental and power generation industries to provide innovative, cost-effective solutions that help our customers achieve and maintain compliance with increasingly stringent environmental regulations. CoaLogix major investors are Acorn Energy, Inc. (Nasdaq:ACFN - News) and EnerTech Capital.
"...When used as a catalyst in chemical reaction in the glass, oil, etc industries net usage is small."
So, if OLED TV's become the standard, with LED and Plasma lagging (and I'm assuming OLED will move into mobile phones/laptops/cars etc.,) the the PD is infinitely recycleable as a catalyst?
"no need to ship something that is indefinitely reusable."
If that were true the yearly demand would be about 0. It does get "used up" in the sense that it is shipped in products (cc's , jewelry, electronics).
When used as a catalyst in chemical reaction in the glass, oil, etc industries net usage is small.
Yes! OLED (Organic Light Emitting Diode) TV is the next great thing in electronics. Actually in FRY'S and BestBuy, you can already see OLED TV for sale. This new technology makes plasma TV and LCD TV obsolete.
But you have to have palladium to make the material used to make OLED TV. So here you go, more palladium demand and higher palladium price.
Palladium is used in OLED TV both indirectly as the catalyst needed to synthesize the material, AND directly consumed and used as cathode material in the form of palladium oxide.
Thanks to Ray and Cadmium for some interesting posts.
For Ray, though, I have a few questions. What quantity of Pd is required for the catalytic bonding of the carbon atoms? My guess is, not too much. Also, isn't the Pd usable again? It is not in any way destroyed or degenerated from what I can read. Finally, since PAL is not the most logical palladium source for a Japanese company, isn't this more of a "buy Sony" than a "buy NAP" play?
For Cad, I only have questions #1 and #3. What quantities are involved and who besides NAP would be a logical source?