Cryptocurrency Q&A
Is platinum replacing palladium?
Is platinum replacing palladium?
Eleonora
Thu Mar 06 2025
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6
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I've heard some discussions about platinum potentially replacing palladium in certain applications. I'm curious if this is true and if so, what are the reasons behind this shift.
6 answers
Maria
Sat Mar 08 2025
The surge in automotive demand for platinum is notably attributed to its current trend of substituting palladium in gasoline autocatalysts.
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SamsungShineBrightnessRadiance
Sat Mar 08 2025
This substitution has seen a significant rise, as evidenced by the statistics. In 2022, the amount of platinum used as a replacement for palladium was 391 koz.
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HanbokGlamour
Sat Mar 08 2025
By 2023, this figure had jumped to 669 koz, marking a considerable increase within just one year.
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EnchantedPulse
Fri Mar 07 2025
The upward trajectory is expected to continue, with forecasts predicting further growth in the substitution of platinum for palladium.
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SamsungShineBrightness
Fri Mar 07 2025
According to these predictions, the amount of platinum used as a substitute is anticipated to reach 742 koz in 2021.
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