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January 19th, 2009
New single nanotechnology 'will not impact' PGM industry
Abstract:
Platinum producers have dismissed concerns that a new vehicle exhaust cleaner could have a negative impact on the pgm industry, the Business Times reports today (19th January).
Japanese automaker Mazda announced last week that it has developed a new autocatalyst - based on single nanocatalyst technology - which is capable of using 70 per cent less pgms.
However, Bob Gilmore, spokesman for Impala Platinum, the world's second-largest platinum producer, has refuted claims that demand for the metals will suffer as a result.
According to the news provider, he explained that the Mazda development is used in the second exhaust cleaner and as such does not require the same concentration of PGMs to function effectively.
Furthermore, he noted that cleaner emissions regulations being introduced in emerging auto markets China and India, as well as in several South American countries, would keep demand high.
Source:
platinum.matthey.com
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