Would the new tri-metal catalytic converter innovation raise Platinum prices?
Here’s BASF’s new innovation for catalytic converter industry: BASF, a 156-year-old German Giant in chemicals, consumer and industrial solutions, announced in March 2020 their invention of tri-metal catalytic converter. It is reported that the approach would likely substitute between 20% and 50% of the high-valued palladium currently used with lower-valued platinum. This invention is applicable for light-duty