Platinum Group Metals In Short Supply, High Demand

Business Insider reported an interview with George Topping and Michael Scoon who say palladium and platinum are experiencing a change in price on short supply and high demand.

George Topping said:

The weightings of platinum, palladium and rhodium in catalytic converters are generally increasing. As countries become more developed, they become more environmentally conscious. There should be a tightening on auto catalytic converters in developing nations just as we have had here. There should be increased usage based on that. In fact, last year North American and European governments mandated that large and off-road trucks have to have catalytic converters.

Click here to read the full Business Insider report.