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Negative news for platinum holders.

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  • Negative news for platinum holders.

    http://www.commodityonline.com/news/...13978-3-1.html

    Japan’s Mazda Motor Corp announced that it will reduce the use of precious metal in emission-cleaning with the support of new technology.

    Mazda said the company will introduce technology that would slash the amount of precious metals used in emission-cleaning catalysts by 70 per cent in the new Mazda3 model, due for sales globally this year.

    [...]

    Platinum is used to make catalytic converters that control emissions from vehicle tailpipes, and it’s a key ingredient in the production of fuel cells, which rely on platinum as a catalyst for chemical reactions.
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