Platinum stocks are high around the world
Platinum supply will not inhibit hydrogen sector
High stocks and efficient automotive recycling sector mean FCEVs have high ceiling for growth
Platinum availability is unlikely to be a barrier to the deployment of a hydrogen economy, according to a recent white paper from UK technology company Johnson Matthey. Platinum is used in the manufacture of both proton-exchange-membrane (PEM) electrolysers and fuel-cells. Concerns over global supply chains in 2022 led the Biden administration to take action to secure domestic supply to support its growing hydrogen economy. The latest supply and demand data from the World Platinum Investment Council (WPIC) forecasts a record platinum market deficit of almost 1m oz in 2023. The deficit is a result of strong 28% year-on-year growth in demand in combination with a constrained outlook for supply
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
15 November 2024
Danish electrolyser firm stays focused on US expansion plans amid policy uncertainty in wake of Republican election victory
