looks like there will be a new demand for platinum when euro 6 forces majority of diesels engines to run platinum catatylitic convertors. got some at 1350 spot last year. hoping it will dip again, but its already significantly lower then they predicited. And the presenter didnt want to talk about price past 2 years hint hint supply will be falling once euro 6 is in place considering the large market for diesels in europe. Might be a good way to aquire more gold through platinum or diversifying http://www.platinum.matthey.com/publications/pgm-market-reviews/archive/platinum-2012/
only did for heavy duty diesels, now its mandated form 2013 for basically all diesels light and heavy.
OK reading further into this it appears that Platinum, Palladium and Rhodium are used in this process. Looking further into the charts to me Rhodium looks on a big slide downwards ? Is this a buy opportunity and are there any new miners in the Rhodium business that are sitting on few oz's here and there ? Look at the charts here - http://www.platinum.matthey.com/pgm-prices/price-charts/
They can use both or either for petrol cars (the ratio is 3Pd to 1Pt). You need 3x the amount of Pd as compared to Pt. For deisel it is Pt only. I think if you use Pd you also need Pt or Rhodium. Pt is an oxidative and reduction catalyst (oxidation to convert Co to Co2) and reduction to convert Nitrogen Oxide to Nitrogen and Oxygen. Pd is only Oxidative so you need platinum or Rhodium to do the reduction part.
Rhodium was north of $10,000 just a few years ago !!! Hard to get Rhodium bars or coins. It is a very brittle metal. Also sold as a sponge in a sealed bottle
The rhodium they sell on kitko site looks interesting. They now have 1 ounce bar for $1450 , As well as the powder form...
Hard to believe rhodium was 10k an ounce just back in 2008... I like the bar form.. I think its a very interesting and different metal. I do have a pamp suisse platinum 1 ounce bar that i love..
