The Gold Report
It may be that a breakthrough catalyst formulation could see a dramatic increase in gold use, but may not be good news for platinum producers. World Gold Council (WGC), the organisation responsible for driving global demand for gold, and Nanostellar, a leading-edge developer of emission control technologies, have agreed to a long-term strategic partnership to enable the introduction of gold into the auto catalyst market. Under this agreement, WGC has invested in Nanostellar in order to facilitate the commercialisation and marketing of the gold based technology that could increase industrial demand for gold.
Recently proclaimed a 2008 Technology Pioneer* by the World Economic Forum, Nanostellar has developed a new product, NS Gold, a catalyst formulation for use in the automotive industry that for the first time includes gold alongside traditional platinum and palladium metals. The inclusion of gold enables manufacturers of light and heavy-duty diesel engines to reduce noxious emissions by as much as 40% more than existing pure platinum catalysts, enabling significant savings for automotive manufacturers. The potential to use gold in this type of application has long been considered, but until now the technical challenges concerning catalyst durability have prevented gold's use. WGC reports "independent test results confirm Nanostellar's breakthrough which, if adopted by the automotive industry, could lead to an increase in industrial demand for gold, which in 2006 totalled 16.1 Moz (458 t)."
Notable Quotes
"Drilling the remaining strike length could more than double INM's La Cigarra resource." (5/22/13) International Northair Mines Ltd. - The Gold Report Interview with Maria Smirnova More >
"BAR's Bug Lake zone has grown by 350m and remains open." (5/14/13) Balmoral Resources Ltd. - Erik Bermel, M Partners More >
"ROG's Burkina Faso deposit will be easy to mine, inexpensive to build and very profitable." (5/20/13) Roxgold Inc. - The Gold Report Interview with Brent Cook More >
"Our rating for GWG remains a Strong Buy; the risk is worth taking." (5/17/13) Great Western Minerals Group Ltd. - Jon Hykawy, Byron Capital Markets More >
"SVB will be the next silver company to be taken out." (5/17/13) Silver Bull Resources Inc. - Bob Moriarty, 321 Gold More >
More Gold in Auto Catalysts?
Source: Mineweb.com (12/10/07)
World Gold Council (WGC), the organisation responsible for driving global demand for gold, and Nanostellar, a leading-edge developer of emission control technologies, have agreed to a long-term strategic partnership to enable the introduction of gold into the auto catalyst market.
More Experts
"Drill results from BAR's Martinière indicate a growing, fertile gold system." (5/13/13) Balmoral Resources Ltd. - Eric Lemieux, Laurentian Bank Securities More >
"We reiterate our Buy recommendation on SVL." (5/16/13) SilverCrest Mines Inc. - Kwong-Mun Achong Low, Jennings Capital More >
"TGZ's Q1/13 production and reduced spending positively impacted NAV." (5/16/13) Teranga Gold Corp. - Barry Allan, Mackie Research Capital More >
"We continue to rate shares of MND Outperform." (5/16/13) Mandalay Resources Corp. - Chris Thompson, Raymond James More >
"NGC is one of the few graphite companies to have completed a feasibility study." (5/15/13) Northern Graphite Corporation - Ron Struthers, Resource Stock Report More >