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FM reported on platinum’s continuing troubles and suggests palladium as a cheaper, more viable option for automakers.
FM reported on platinum’s continuing troubles and suggests palladium as a cheaper, more viable option for automakers.
As quoted in the market news:
Though SA is the biggest producer of platinum, Russia and North America have more palladium, which has been substituted for platinum in some applications because it costs less per ounce. Platinum is used in autocatalysts to remove harmful emissions from diesel-driven cars and heavy-duty vehicles. The biggest market for diesel-driven cars is Europe. Palladium is used mainly in autocatalysts in petrol-driven cars.