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The six Platinum Group Metals (i.e., platinum, palladium, rhodium, iridium, ruthenium and osmium) are chemically very similar and are used for many applications.
The activity of the PGMs enables the reactions to occur at low temperature conditions that exist during cold starting of a vehicle, when emissions are at their highest. Durability is important since catalytic converters need to perform over the life of the vehicle. It also means that when an automobile is scrapped the precious metal contained in the catalytic converter is available for recycling, creating a valuable supplementary source to mining for the production of new autocatalysts. Platinum Group Metals are therefore an important features for the development of automobile industry.