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The global production of platinum in 2 0 1 1 stands at about 1 7 8 metric tons per year, most from South Africa. The

 
 
The global production of platinum in 2011 stands at about 178 metric tons per year, most from South Africa. The catalytic converter of a car requires about 1 gram of precious metal catalyst, most commonly, platinum. Car manufacture in 2011 was approximately 52 million vehicles. If all have platinum catalysts, what fraction of the world production is absorbed by the auto industry? If the production rate of cars is growing at 4% per year and that of platinum is constant, how long will it be before the demand exceeds the total global supply?
 

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