North American Palladium Ltd (New) PALDF

Why palladium will be the hottest metal next year

[$tarbuxxonPender]

All cars in China will have catalytic converters Jan 1, 2018. As the palladium needs to be purchased ahead of that date we should expect some action any time soon. When autocats were brought in in Europe just for gasoline engines (about 50% of vehicles in Europe are gasoline) palladium went from low $300 to its all timer high of $1080 in January 2001. Made lots of money on PGM juniors in a very bad resource market. Same thing will happen now

2.1 Nationwide Standards

Although China's vehicle emission control program history dates to the early 1980s, the modern nationwide control program began in the late 1990s. Following the successful elimination of leaded gasoline, China began implementing progressively stringent tailpipe emission standards for light-duty vehicles following the European precedent. China's emissions standards, which are nearly identical to Europe's in terms of limit values, test cycles, and other parameters, are known as China I (equivalent to Euro 1), China II (equivalent to Euro 2), etc. The formal English title of Chinese light-duty standards are written with Roman numerals for China I-IV, but China 5 is written with an Arabic "5."

Vehicle emission standards are issued jointly by the Ministry of Environmental Protection (MEP) and the Standardization Administration of China (SAC), though MEP is in charge of developing, drafting, and approving the standards.

China's current nationwide light-duty vehicle emission standard is China IV (Euro 4) for gasoline vehicles. For diesel vehicles, only China IV vehicles have been eligible for type approval since July 1, 2010, but China III vehicles may still be sold and registered until July 1, 2013. In September 2013, MEP issued the final version of the China 5 standard for gasoline and diesel vehicles. The China 5 standard, with an implementation date of 1 Jan 2018 for all sales and registrations, is nearly equivalent to the Euro 5b standard.

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