Fiat Chrysler Automobiles NV will recall about 965,000 gasoline-powered vehicles in the United States and Canada that do not meet emissions standards and will replace their catalytic converters, officials said on Wednesday.
Palladium is now the most valuable of the four major precious metals as an acute shortage has driven prices to a record $1,500 an ounce. Palladium is a key component in pollution-control devices for cars and trucks.
Southern Montana’s Beartooth Mountains has one of only three platinum mines in North America. There, platinum and palladium are mined from the 2.71 billion-year-old Stillwater Complex. This ore sample grades to around 2.5 ounces of Pd-Pt per ton of rock.
