When you say it isn’t easy to sell, you might be right but also I see KJC has not had half ounce stock on their website for some time and I haven’t seen 5 ounce there even listed for a while.
I’d also be thinking of a global market for this one.
From what I have read, emissions standards are greatly responsible for the demand, more recently in China. However, India’s emissions scheme relevant to rhodium is coming up soon (deadline 31 March 2020)
https://www.embitel.com/blog/embedd...e-6-and-bs-vi-norms-in-automotive-electronics
“India is a country with 10 of the most populated cities of the world and this is one distinction we should not be proud of.
Vehicular emission is a major contributor to the worsening air quality of Indian cities. Emission of NOx, SO2, CO2 and particulate matter is taking a toll on people’s health. In cities like Delhi, the PM2.5 level is more than 6 times the prescribed levels by WHO.
In October 2016, India signed the Conference of Protocol also known as the Paris Climate Agreement. Being a signatory to the agreement, India is obligated to bring down the carbon footprint by 33-55% from the levels recorded in 2005 in the
next 12 years.
This warranted the need for a stricter norm that could reduce the emissions considerably and put India on track to meet the Paris agreement goals.
Ideally, BS V would have been rolled out by 2021 and BS VI in 2024 but leapfrog to Bharat Stage VI norms by 2020 had to be planned because of the carbon footprint obligations.”
“
- NOx emission will come down by approximately 25% for the petrol engine and 68% for the diesel engines.
- The PM emission will see a substantial decrease of 80% in Diesel engines”
I’ve read the market share for diesel vehicles will drop from about 45% to 33%
$10,775 USD
