Silver Catalytic Converters
posted on
Apr 28, 2008 06:07AM
Silver Catalytic Converters: Another porentially huge use for silver.
(This was originally posted by Diabullic on the Niogold forom and I don't have the url.)
Here's a most interesting piece of news from Bloomberg on a new technology that could use silver instead of Platinum in catalytic converters:
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Full Story
Platinum Drops on Mitsui Mining Plan for Silver Auto Catalyst
By Dave McCombs
April 24 (Bloomberg) -- Platinum futures in Tokyo fell for the third time in four days after Mitsui Mining and Smelting Co. said it would sell a diesel exhaust catalyst that uses silver instead of more expensive platinum.
The company, a partner in Japan's biggest copper smelter, yesterday said it will start selling the devices in Japan, the U.S. and Europe in 2012. Platinum has jumped 52 percent in the past year, partly on expectations demand for auto catalysts will increase as governments impose stricter emissions rules.
``It's difficult for the platinum market to turn up after the Mitsui Mining announcement yesterday about the silver catalyst,'' Kazuhiko Saito, a commodity strategist at Interes Capital Management, said today in Tokyo by telephone.