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Gold/Mining/Energy : Platinum Group Metals (PGMs)
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To: ali who wrote (241)2/3/2000 7:22:00 PM
From: Aurum  Read Replies (1) of 529
 
How long will they last? A good question. I seems to me that usage of the platinum group metals will not be very sensitive to current prices - except perhaps in jewelry (platinum and small amounts of rhodium). In most of the industrial applications of PGMs either a) the amounts used are small, and the extra costs are not great and can easily be passed on to the consumer, or b) there are no substitutes, or c) substitution can not be carried out in the short term. I would think that catalytic converters, a major consumer of palladium, are covered by (c). Certainly, there are other catalysts that could substitute, but these would have to get regulatory approval etc. Not something that can happen over night.
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