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Core Consultants is appointed by Durango Resources to Support their Public Relations and Marketing

Core Consultants is appointed by Durango Resources to Support their Public Relations and Marketing
einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.

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A precious metal that costs 15 times more than gold is driving a surge in thefts of catalytic converters

Skip to main content Currently Reading A precious metal that costs 15 times more than gold is driving a surge in thefts of catalytic converters Lesley Wroughton and Max Bearak, The Washington Post March 4, 2021 FacebookTwitterEmail In just the past week, Andrew Reichenbach s car repair shop in Minneapolis has had three Mitsubishis come in with their exhaust pipes sawed off. The thieves were after a precious metal - tucked into almost all American vehicles - in such demand that it costs 15 times the price of gold. We ve had 60 or 70 in just our shop alone if that gives you a sense of the magnitude of these thefts, the mechanic said. Most of my customers are just baffled. Like, why would somebody do this?

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Catalytic converter thefts: How supplies of rhodium in South Africa are driving a crime wave in the United States

Catalytic converter thefts: How supplies of rhodium in South Africa are driving a crime wave in the United States
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.

Nairobi areaCape townWestern capeSouth africaSouth africanEmma townshendJames wellstedLara smithImpala platinumEast asiaCore consultantsநைரோபி பரப்பளவுகேப் நகரம்மேற்கு கேப்எம்மா டவுன்ஷெண்ட்லாரா ஸ்மித்

Raging Rhodium: Platinum group metal rockets to record

Rhodium has roared into 2021 like a lion on steroids. The price of the platinum group metal (PGM), a crucial catalyst to cap emissions generated by petrol engines, shot to record highs above $20,000 an ounce on Wednesday, extending a 2020 rally with no end in sight. Emissions standards are tightening and supplies are falling woefully short of anticipated demand, triggering a mad scramble to secure the commodity. Rhodium’s price has gained almost 20% in the past fortnight and an astonishing 3,000% over the past five years. Two key factors are behind the latest surge. One is Chinese auto demand, the world’s largest market on this front. It slipped slightly in 2020 but is forecast to rebound this year as Chinese economic growth gathers pace. Also, emissions standards in the Asian Goliath are set to tighten again in 2023.

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