Platinum group metals could take off in 2021
Platinum is used in diesel engines and palladium in gasoline-powered cars. Platinum is also an important material for fuel cells. And hydrogen technology, which reduces emissions or even does away with harmful emissions altogether and uses fuel cell technology, will gain a foothold in more and more areas. Whether it's ships, trains, payload vehicles, cars or forklifts, research and work is being carried out eagerly in the field of hydrogen technology.
After all, climate targets must be achieved. Various economic researchers have already examined which sectors of the economy will recover particularly well once the pandemic has subsided. And this includes sales of new vehicles, especially in the USA and China. It is forecast that China, the world's largest car producer, will sell around 27 million cars in 2021. Last year, the figure was around 22 million. At least, that is how the China Association of Automobile Manufacturers and Tianjin University have calculated it.
E-mobility should also continue to develop positively, so that battery raw materials such as lithium will remain in great demand. Thus, commodity companies with platinum and palladium such as Sibanye-Stillwater (www.sibanyestillwater.com) - https://www.youtube.com/watch?v=Ib5kfm-19Mk - or Millennial Lithium - https://www.youtube.com/watch?v=h8Qu1EGWgIE - should have good prospects for the future.
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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