Achieving Price Stability for Precious Metal Catalytic Converters
Achieving Price Stability for Precious Metal Catalytic Converters Precious metals such as platinum and palladium are integral components in the majority of catalytic converters used in wood stoves and commercial ovens. These metals, while effective in their catalytic roles, come with a hefty price tag. Platinum currently commands approximately Euro 26 per gram, with palladium surpassing that at about Euro 36 per gram. This article explores the challenges posed by the fluctuating prices of these precious metals and offers practical solutions for manufacturers in the cooking and heating appliance industry. The Price Predicament For manufacturers of wood stoves and ovens, the volatility of precious metal prices presents a significant hurdle. Rapid fluctuations in costs make it difficult to control production expenses. This uncertainty can directly impact the pricing and profitability of their products. Stockpiling Solutions One obvious solution to mitigate price volatility is to stockpile catalytic converters that incorporate precious metals. However, this strategy [...]