Process for the continuous production of a catalyst

A process for continuous production of a catalyst comprising an alloy of a metal of the platinum group and at least one second metal as alloying metal selected from the group consisting of a metal of the platinum group and a transition metal, the process comprising:

• (a) mixing a catalyst precursor comprising a metal of the platinum group with at least one thermally decomposable compound each comprising the alloying metal to give an alloy precursor;
• and
• (b) heating the alloy precursor in a continuously operated furnace for from 45 minutes to 5 hours to produce the alloy comprised in the catalyst,
• wherein the heating is carried out in a first and a second temperature stage,
• with a temperature of the first temperature stage being lower than a temperature of the second temperature stage, and
• the temperature of the first temperature stage is in a range from 350 to 480° C., and
• the temperature of the second temperature stage is in a range from 550 to 680° C.