Greener cars are a catalyst for platinum

A main component of catalytic converters for environmentally friendly cars, tougher vehicle emissions leglislation will be the main driver of demand for platinum. What does this mean for miners?

As the current metal of choice for wedding rings and a main component of catalytic converters for more environmentally friendly cars, demand for platinum is on the up. There has been a supply deficit for five years with Russia, the world's second-largest producer, holding on to supplies.

The metal consequently proved more resilient than most others to May's commodities market weakness.

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