Carmakers' platinum demand to rise 8 pct in 2005

[Pat McCotter]

http://story.irishsun.com/p.x/ct/9/id/784d360d709264db/cid/baf10b3527f6df38/

Carmakers are using more platinum because of stricter emissions rules in Europe dealing with diesels. Platinum is used in the catalytic converters.

With the switch to low sulfur diesel fuel in 2006 diesel vehicles in the US will be manufactured with these converters.

Hmmm... platinum futures?

[Michael Fisher]

Too late.

Platinum has skyrocketed already.   

[Pat McCotter]

Skyrocketed on Euro-IV regs. Has it felt Sept 2006 US news already?

(Edit: Oh, wait. Too expensive for our wallets. Sorry.)