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Home > News > "Year of the Golden Pig" helps boost gold demand to a record dollar level in Q1 2007

May 16th, 2007

"Year of the Golden Pig" helps boost gold demand to a record dollar level in Q1 2007

Nanotechnology is a key part of this work. Significant quantities of nanoparticles can be required in some technological uses (e.g. platinum group metals in the emission control sector, which accounts for more than 50%of both platinum and palladium demand). Gold is a candidate for use in this sector, which would improve cost effectiveness although there has until recently been problems with durability due to the high temperatures involved. Last month, however, a new product was announced by NanoStella that has overcome this problem and is claiming that the new product can either save costs, or, for the same precious metal costs, improve hydrocarbon oxidation by up to 15%. It is very early days, but it will be of interest to see how the automotive producers respond.


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