Value of Critical Minerals

Importance of Platinum, Palladium, and Rhodium in the U.S. Economy and National Security

Platinum, Palladium, and Rhodium play crucial roles in both the U.S. economy and national security, as indicated by their inclusion in the U.S. List of Critical Minerals. These precious metals are essential components in various industries and applications.

Platinum is primarily used in catalytic converters for vehicles, which helps reduce harmful emissions and contributes to air quality improvement.

Palladium also finds significant use in catalytic converters, particularly in gasoline-powered vehicles, aiding in the reduction of pollutants and improving fuel efficiency.

Rhodium, on the other hand, is a critical component in catalytic converters for diesel-powered vehicles as well as gasoline-powered vehicles, further contributing to emission control and compliance with environmental regulations.

Securing the Future Of Critical Minerals

The availability and sustainable supply of these minerals are crucial for the functioning of the automobile industry and related sectors, ensuring economic growth, environmental sustainability, and energy security.