Hi, can someone please clarify something for me. With 40% of the demand for platinum being in catalytic converters, can someone shed some light on:
1. Are catalytic converters only used on diesel vehicles? 2. Are a greater proportion of vehicles being fitted with them? 3. While growth in motor vehicle sales continues at 6% in China, will this growth offset the reduction in sales from germany/us
I am just trying to work out whether the reduction in motor vehicle production will necessarily translate into a fall in demand of platinum.
Thanks
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