As electric vehicles become more popular, will we see a drop in the value of the prescious metals used in catalytic converters?

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Depends how big the market is for the metals outside of use in catalytic converters. Platinum’s use in catalytic converters accounts for about 50% of demand each year so that would suggest a big fall in prices but it wouldn’t happen over night.


People tend to overvalue the adoption rate of EV’s. With the world awash in oil the price of gas is so low that it doesn’t make economic sense for most. We either need a drastic ‘08 style run up in oil prices (highly unlikely) or material reduction in price of EV’s (still a ways off). Could be a solid thesis but maybe next cycle


If i were to guess I’d say more volatility. It seems to me that a high sustained level of demand contributes to price stability.


Here are trends for massive ev adoption: Petroleum down, oil companies down. Lithium up – lightest metal, won’t be easily replaced. co, nickle up – depends on if they can reduce need for these in future batteries. Copper up. Legacy automakers and dealerships down – too much useless equipment and union employees and pensions. Palladium down. Tesla up. Battery manufacturers up – Panasonic, lg, catl. Gas stations down – many bankrupt if cannot profitably transition to ev charging centers, this will also be a major tipping point for evs when it becomes inconvenient to find a gas station since they will have to be located on cheap land i.e. city outskirts. Ev charging equipment makers up. Ev charging station network operators up. Wind and solar up – cheap batteries will smooth out their delivery curves and political push to not power evs with co2 emitting sources.


Even as a larger percentage of the US market is EV, you’ll need to factor in growth in places like India, Africa, and South America were the infrastructure necessary to support EVs will take a long time to roll out. Just make sure you look at this before you take any positions