Hydrogen on the rise, so don't underestimate platinum

Hydrogen on the rise, so don't underestimate platinum

In Africa, 40 percent of the population has no access to electricity. The hydrogen economy is emerging there.

The cost of energy from wind and solar has fallen, allowing Africa to invest more in renewable energy. There is particular potential for the production of hydrogen. Africa's proximity to Europe could play an important role in global trade, especially for Germany. Platinum is an essential component of fuel cells for converting hydrogen and oxygen into electricity and water. Fuel cells are already providing electricity in very poor African regions. Up to now, platinum has mainly been used in catalytic converters in the automotive industry. This is because the metal ensures that gases such as carbon monoxide and other toxic hydrocarbons are converted into harmless products during the combustion of fuels. It is also used in the jewelry industry, in medicine, in chemical products and in various everyday objects. Even if hydrogen technology and its implementation have often progressed rather slowly, progress is now being made. Large-scale hydrogen production projects are now being implemented. American Airlines, for example, ordered 100 hydrogen-electric engines this year. Fuel cells generate electricity that drives the electric motors. Only water vapor is then produced during the flight. It was only in September that BMW announced that it would start series production of hydrogen vehicles in 2028.

Sibanye-Stillwater - https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/ - is responsible for the supply of platinum metals, as well as gold, with projects located in South Africa and the USA. The focus has now also been expanded to include other battery metals.

The important battery metals cobalt and nickel can be found in the Crawford project of the Canada Nickel Company - https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ - in Ontario in the Timmins Nickel District.

Current company information and press releases from Sibanye-Stillwater (https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ ) and Canada Nickel Company (https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ )

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