Platinum futurePOSTED ON 13 November 2017 by Alice
Historically, platinum has invariably commanded higher prices than gold. This is mainly due to the scarcity of the raw material and the associated high production costs. Indeed, as recently as 2016, platinum mines produced less than 5% of the output from gold mines. However, in recent times this situation has reversed and the platinum future has become uncertain. With a sharp decline in demand for platinum, and a consequent fall in its market price below that of gold. 60% of platinum ...
New Cars, New Regulations, More CATSPOSTED ON 31 October 2017 by Alice
The beginning of cat regulations… The catalytic converter has been with us since the introduction of new regulation in the 1970s. There were more and more concerns over toxic emissions from vehicle engines; and this first started to impact manufacturers. That is how they introduced the catalytic converter. This emissions control device aimed to reduce the level of toxic pollutants released into the atmosphere. To do so, it uses a mix of precious metals – Platinum, Palladium, Rhodium – as cata ...
The Value of Your Old Catalytic ConvertersPOSTED ON 18 October 2017 by Alice
All auto recyclers know how valuable recycling of old catalytic converters can be. Despite this, some cats end up in a bin or crushed into scrap, still attached to the car. This appears to be a real waste of cash-earning potential. Every catalytic converter contains platinum, palladium and rhodium, precious metals used to reduce exhaust emissions. In one tonne of catalytic converters, there is approximately one kg of precious metals. The automotive recycling industry is by far the largest sou ...
Wage rise in Stillwater miningPOSTED ON 12 July 2017 by Alice
About 760 union workers at Stillwater Mining will receive a 5 percent raise during the next two years under a new agreement with owner Sibanye Gold Ltd., the company announced Monday. The pay hike for miners represented by the United Steelworkers is another reflection of improved prices for precious metals and an important step for the company’s new South African owners, union and company officials said. “We got what we could get from them. … It was a fair set ...
Brazilian mining project?POSTED ON 7 June 2017 by Alice
The topical interest in Platinum Group Metals (PGMs) has, for several years, regularly involved bad news from African mining activities; and 2017 is no exception. Actually, the position has worsened. First because investors now understanding that South African and Zimbabwean mines are facing a bleak future of non-profitability. Secondly because of increasing demands for pay rises from the workforce. Therefore, any previous hope for the future seems to have vanished. So, what other solutions a ...
You will find here some articles related to the catalytic converter recycling business and the PGM market news.
- 31 Auto catalyst
- 8 Automotive industry
- 2 Europe
- 11 Platinum Group Metals
- 2 Platinum
- 4 Palladium
- 3 Rhodium
- 5 Regulations