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Platinum is used in catalytic converters, laboratory equipment, ... 1,000 cubic centimeters of 99.9% pure platinum, worth about US$696,000 at 29 Jun 2016 prices [87]
Police: Theft ring stole some 13,000 catalytic converters worth $19M in central Ohio. Catalytic converters are appealing to those needing cash fast, as they contain platinum, palladium and rhodium
A three-way catalytic converter on a gasoline-powered 1996 Dodge Ram Simulation of flow inside a catalytic converter. A catalytic converter is an exhaust emission control device which converts toxic gases and pollutants in exhaust gas from an internal combustion engine into less-toxic pollutants by catalyzing a redox reaction.
Catalytic-converter-equipped vehicles have helped cut other air pollutants by more than 3 billion tons worldwide between 1975 and 2000; of this 1.5 billion short tons was in the United States. Automobiles meet emission standards that required reductions of up to 98+ percent for HC, 96 percent for CO, and 95 percent for NOx compared to the ...
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Stillwater Mining Company is engaged in the development, extraction, processing, refining and marketing of palladium, platinum and associated metals (platinum group metals or PGMs) from a geological formation in the Stillwater igneous complex in south central Montana known as the J-M Reef and from the recycling of spent catalytic converters.
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Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded. [1] The demand for precious metals is driven not only by their practical use but also by their role as investments and a store of value. Historically, precious metals have commanded ...