Note:
1. Price at ecotrade app $106 (5/6/25)
2. This auto cat is much similar to cat #1716492
3. Please consider that the PGM (Pt, Pd, Rh) content might change from one catalytic to another (with the same serial #) due to its condition affected by mileage, weather conditions, etc. *Assay made with Niton XLT3GOLDD+
💡 Tip of the Week: Platinum Is Rising – Here Are 5 Reasons Why
Following our recent article “Platinum is Back,” it’s no coincidence that platinum prices have surged nearly 25% in just 60 days, reaching $37 per gram as of early June.
📈 Why it matters: This rise may soon affect the scrap value of catalytic converters, especially those where platinum is the main PGM. If you’re holding or processing these catalysts, consider adjusting your pricing strategy.
🔍 Here are 5 key reasons behind the price surge:
Increased demand from the auto industry – More platinum is being used in emission control systems, especially for diesel engines.
Tight mine supply – Output from major producers like South Africa has been limited due to operational challenges.
Investor interest rising – Platinum is gaining attention as a hedge and diversification asset alongside gold and silver.
Green energy push – Platinum plays a critical role in hydrogen fuel cell technologies, supporting long-term demand.
Price ratio vs. gold – At nearly 1/3 the price of gold, platinum is attracting buyers looking for undervalued assets.
📌 Stay alert – the market is moving fast. This could be the time to act.
