Metals for the automotive industry of the future
Governments of all countries are striving to find solutions to achieve climate targets. Energy storage systems and low- or zero-emission transportation and traffic play a significant role.
Hydrogen technology could develop into the drive system of the future for various areas such as heavy-duty transport, local public transport, but also for buses or ships. The raw material that is important for the catalytic converter is platinum.
The platinum market showed a deficit in 2020. This is because production losses, reduced recycling and closures due to Corona outweighed the pandemic-related decline in demand for automobiles. This also applied to the platinum jewelry sector. Investment demand for platinum was also up, with bars, coins and ETFs in demand. A deficit is again expected for the current year.
Among the major platinum and palladium producers is Sibanye-Stillwater (www. sibanyestillwater.com) - https://www.youtube.com/watch?v=ULyqazFGNSA -, a company that is also an important gold producer. Its projects are located in South Africa and the USA. In addition, there is an involvement in a lithium project in Finland.
Lithium is an important component of lithium-ion batteries in electric vehicles. Lithium is also facing a deficit again this year. Electric vehicle sales are on the rise and companies with lithium like Millennial Lithium should do well. Millennial Lithium owns two high-grade lithium projects in Argentina in the Lithium Triangle. These contain top-quality battery lithium.
Current corporate information and press releases from Sibanye-Stillwater (https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/) and Millennial Lithium (https://www.resource-capital.ch/en/companies/millennial-lithium-corp/).
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