Silver has just notched another usage to add to its already many industrial uses. Mitsui Mining & Smelting Co. said this week that it has developed an autocatalyst that replaces platinum with the more affordable silver. This is a good thing for silver investors as this will take more silver off of the market each year. Auto catalysts are used to control pollution from motorized vehicles and demand is expected to continue to increase as pollution laws continue to become stricter.
Here are some recent articles and press releases regarding the new silver auto catalyst.
Bloomberg.com
TradingMarkets.com
Reuters.com
Yahoo.com
CanadianSilverBug
