Independence from Russian gas and oil will have consequences
Energy prices have risen to record highs. This could boost the prices of certain raw materials.
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First the economic recovery after the pandemic, then Russia's invasion of Ukraine, the world is not what it was a few years ago. Anyone interested in commodities is looking at the possible consequences. Dependencies are no longer in demand, on the contrary. Safe, affordable and clean energy is now in demand. Hydrogen is thus moving back into the spotlight. Because green hydrogen could replace much of the Russian gas. The British government has unveiled its British Energy Security Strategy. The aim is to put expensive fossil fuels on the back burner and achieve energy security differently in the long term. The British government's strategy paper also focuses on expanding production capacity for low-carbon hydrogen.
To produce the emission-free and sustainable fuel green hydrogen, made from wind and solar energy, platinum is needed. The platinum, in combination with iridium, is used as a catalyst in proton exchange membranes. The EU is also striving for green hydrogen. So, the demand for platinum could grow significantly. Platinum is produced by Sibanye-Stillwater - https://www.youtube.com/watch?v=vNLG9b_yZLU -, for example. Platinum and palladium come from Sibanye-Stillwater's projects in North America, South Africa and Zimbabwe. As an aside, the company is also a major gold producer. The energy future will also need silver, and not a little, because silver is not only important in the photovoltaic industry. According to the Silver Institute, silver use in photovoltaics grew 13 percent to 113.7 million ounces in 2021 as global solar installations increased. Silver is one of the metals of the future, so are silver companies such as MAG Silver - https://www.youtube.com/watch?v=DHxF_-3tU1c . Together with its partner Fresnillo, silver is produced at the Juanicipio project in Mexico. For MAG Silver, this meant more than one million ounces of silver and a good 2,500 ounces of gold in the first quarter of 2022.
Latest corporate information and press releases from Sibanye-Stillwater (https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/) and MAG Silver (https://www.resource-capital.ch/en/companies/mag-silver-corp/).
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