“I was thinking the same thing. Platinum is valuable because it is rare. introduce a couple thousand tons and the price goes down, Introduce 100 million tons and it will be 10 cents a pound.”
Well, it’s rare AND incredibly useful. Things that would be completely impractical to make today with $1000/oz platinum would be very practical at $100/lb.
We could make catalytic convertors in China and Mexico.
Oh? what..!? Never mind.