View Full Version : New Mitsui Silver Use - Catalyst

strongman shelford
24th April 2008, 20:14
I would like to hear your opinions about future impact on silver price thanks to this new "discovery" ( platinum replacement for silver)

Thanks! ;)

24th April 2008, 22:09
This could be major development. Especially with the drop in platinum output in African mines. If this process is adopted by the major auto manufacturers silver will easily triple or more.

24th April 2008, 22:19
Just one more reason to believe in "The Quickening"!


24th April 2008, 22:28
This could be major development. Especially with the drop in platinum output in African mines. If this process is adopted by the major auto manufacturers silver will easily triple or more.

I work in the automotive field, and believe you me - IF IT'S CHEAPER, THAT'S WHAT WILL BE ADOPTED.

All the domestic manufacturers (which build a HUGE chunk of the diesel stuff sold here) are looking for ways to make the unfunded mandates of diesel catalyst and particulate filtration/processing less damaging to their bottom lines, particularly because they can't seem to get the designs right and are having to scurry to perform running changes.

I'd be willing to bet...(well actually, I am, aren't I?) that if Matsui's design becomes feasible, automakers will be falling all over themselves to implement these new cats ASAP.

The POS will have to blast off...

Right?? ;)

strongman shelford
25th April 2008, 16:55

But, any idea bout impact on price?

any idea about global silver demand from auto makers industry?


Mitsui Mining new autocatalyst uses silver, not platinum
Wed Apr 23, 2008 3:47am EDT Email | Print | Share| Reprints | Single Page| Recommend (2) [-] Text [+]

powered by Sphere
Market News
American Express lifts Dow and S&P; Nasdaq dips
Oil jumps more than $2 on U.S.-Iran tensions
Dollar cruises toward best month in 2-1/2 years
More Business & Investing News... Featured Broker sponsored link
Free Practice Account from #1 FX Broker. TOKYO, April 23 (Reuters) - Mitsui Mining and Smelting Co Ltd (5706.T: Quote, Profile, Research) said on Wednesday it has developed a new catalyst for diesel engine cars that replaces the use of platinum with silver, a less conventional but much cheaper metal.

"Silver will totally replace platinum in this new autocatalyst that we've developed," a company spokesman said.

By substituting platinum with silver, the cost of precious metals in the production of autocatalysts, which clean car exhaust fumes, would be cut by more than 90 percent, the company said.

Spot silver <XAG=> is currently trading at around $17.70 an ounce, compared with platinum <XPT=> at around $2,030.

The spokesman said Japan, Europe and the United States are all planning to impose tighter rules on exhaust emissions for heavy-duty vehicles, such as those used in construction and farming, from 2012.

"We hope that this catalyst will be used in diesel engines for those vehicles, and this is the market we are targeting," he said.

Platinum specialist Johnson Matthey Plc said last November that platinum demand from automakers for catalytic converters would climb 2.3 percent to 4.24 million ounces in 2007 on the back of robust sales of light-duty diesel vehicles in Europe.

Platinum and its sister metal palladium are employed in varying amounts in autocatalysts to filter out carbon monoxide and particulate emissions. (Reporting by Miho Yoshikawa)



30th April 2008, 22:30
I think any POS increase will come from public perception of the need for silver to make cat's.

It will be our task, to make the public aware of this new development in our favorite investment vehicle-SILVER. Tell your friends and anyone who will listen (If you have any friends left after bugging them for years, like I have) to Buy silver. Maybe we can recruit a few Gold Bugs.

Jerry S.
1st May 2008, 10:35