scarcity of precious metals

How does scarcity affect the cost of catalysis?

The limited availability of precious metals leads to high costs, which can significantly impact the economics of catalytic processes. Industries may face increased expenses for raw materials, which in turn can drive up the prices of final products. This cost pressure can be particularly burdensome for sectors that rely heavily on catalytic reactions, such as the automotive industry for catalytic converters and the chemical industry for various synthesis processes.

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