If you do some research you will realise that the electric car will have no impact on platinum usage . Even if 5-10% of cars are electric or hybrid by 2020 it is forecast that there will still be 50% more combustion engined cars by then .Hybrids use catalytic converters too . My first thought when I looked into platinum companies ,was about electric cars taking market share ,and did get a pleasant surprise .I feel confident in platinums future . There is not the supply of neodymium magnets to convert all cars to electric as well . I think we are stuck with increasing platinum usage ,especially in the near term ..
NKP Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
