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Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer -- Ignore unavailable to you. Want to Upgrade?

To: Aurum who wrote (445)	2/3/2000 8:18:00 PM
From: gemsearcher	Respond to of 976

Thanks Aurum. I had understood that rhodium was the preferred application (Pd a close second) from a technical perspective in the latest "state - of -the art" catalytic converters and there was some thought it was just catching up to the Pt/Pd advances over the last few months. It would be interesting to understand if this fluctuation is just another example of the volatility of the metal , or something else. Regards.

To: Aurum who wrote (445)	2/3/2000 8:35:00 PM
From: Bruce Robbins	Read Replies (1) \| Respond to of 976

Aurum, OT: Autocatalysts account for more than 90% of the demand for rhodium. The demand for rhodium in the US in 1998 was approximately 5,200 Kg. World consumption of rhodium for autocatalysts in 1998 is estimated at 15,200 Kg (approximately 490,000 ounces; or US$980 million at todays price of $2000 per ounce). South Africa produced about 80% of the world's rhodium for 1998. Rhodium is small but vital. After the last price run up in the 90's to $7,000 an ounce, chemists probably tried to substitute for it but obviously couldn't- people are still willing to pay $1000 to $2000 an ounce for it. Bruce