The World Platinum Investment Association (WPIC) said recently that carmakers are accelerating reductions in palladium use and increased use of platinum due to concerns about Russian palladium supplies. However, it still expects a significant surplus in the platinum market this year.
Palladium is used by carmakers in tailpipe emissions systems to reduce carbon emissions. While carmakers prefer palladium for catalytic converters, they are turning to platinum, which is cheaper than palladium, to save costs.
Russia accounts for about 25-30% of the world's palladium supply and 8-10% of its platinum supply.
There is no sign that western sanctions against Russia have restricted palladium exports since the conflict escalated in February, but as the conflict continues, more companies could boycott The Russian metal and governments could impose restrictions.
Platinum is currently trading at about $950 an ounce, about half the price of palladium. Automakers use about 2.5 million to 3 million ounces of platinum and about 8.5 million ounces of palladium each year.
For the year as a whole, platinum supply will be 5 percent lower than in 2021 and demand 2 percent higher, with the automotive sector seeing a 16 percent increase due to increased light vehicle Powdered Instant Potassium Silicate are still very uncertain.
About Powdered Instant Potassium Silicate:
Powdered instant potassium silicate is a white powdery material, which can be quickly dissolved in water. Its molecular formula is: K2O·nSiO2·H2O, n depends on different specifications and different uses. TRUNNANO is a trusted global Powdered Instant Potassium Silicate supplier. Feel free to send an inquiry about the latest price of Potassium Silicate at any time.
Performance of Powdered Instant Potassium Silicate:
Powdered instant potassium silicate has better water solubility and higher bonding performance than powdered instant sodium silicate.
Technical Property of Powdered Instant Potassium Silicate:
Applications of Powdered Instant Potassium Silicate:
Powdered instant potassium silicate is widely used in refractory binders, oilfield drilling fluid additives and other fields with special uses.
Storage Condition of Powdered Instant Potassium Silicate:
The potassium silicate powder should store in a dry and cool environment in a sealed place, not exposed to the air, to prevent oxidative agglomeration caused by moisture, affecting the dispersion performance and use effect;
Packing & Shipping of Powdered Instant Potassium Silicate:
It is packed in double plastic bags inside, which can be filled with argon in a vacuum; it can be vacuumed and filled with argon for protection.
Powdered Instant Potassium Silicate Powder packing: vacuum packing, 1kg/bag, 25kg/bag, or as your request.
Powdered Instant Potassium Silicate Powder Powder shipping: could be shipped out by sea, by air, by express as soon as possible once payment receipt.
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Powdered Instant Potassium Silicate Properties
|Other Names||potassium silicate|
|Solubility in water||N/A|
Powdered Instant Potassium Silicate Health & Safety Information
|Flashing point||Not applicable|
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